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Issue - meetings

Treasury Management Update 2016/17

Meeting: 15/03/2017 - Audit Committee (Item 55)

55 Treasury Management Update 2016/17 pdf icon PDF 117 KB

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That the Treasury Management 2016/17 quarterly update be noted.


The Finance Manager - Technical Accountancy introduced the quarterly update on matters relating to the Council’s Treasury Management Policy, Strategy and Practices 2016/17 to the end of February 2017.


The report included a graph showing the movement of investment balances which demonstrated the general trend of a declining cash balance as the Council moved to a position of borrowing to fund the Capital Programme.  The approach to test systems through short-term borrowing would continue.  In response to previous discussion on debt re-scheduling, detailed explanation was included on the complexities and risks involved.  The example shown in the report clarified that it was not considered appropriate at the current time to reschedule loans.


The Finance Manager responded to queries from Councillor Haydn Bateman on cash balance levels and investments with the Debt Management Office.




That the Treasury Management 2016/17 quarterly update be noted.


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