Issue - meetings

The Committee considered a report on the Council’s treasury management operation, with details of the activities undertaken in 2011-12 and the first quarter of 2012-13.

The report covered the Council’s treasury year end position, forecast prospects for interest rates, interest rate outturn, compliance with treasury limits, the Council’s borrowing and investment strategies, economic events in 2011-12 and prudential indicators.

The Treasury Management Annual Report had been reported to Cabinet on 23^rd July 2012. In accordance with best practice, the Audit and Governance Committee would also receive regular reports on treasury management activity and would consider the 2013/14 Treasury Management Strategy report at its meeting in January 2013 prior to approval of the Strategy at Council.

A training session had been held for Members on 21^st May 2012, led by the Council’s treasury management advisers, Arlingclose.

RESOLVED

That

(1)  the treasury management activity for the year 2011-12 as detailed in Appendix A to the report be noted; and

(2)  the treasury management activity for the first quarter of 2012-13 as detailed in Appendix B to the report be noted.