Issue - meetings

Treasury Management Annual Report 2013/14

Meeting: 24/09/2014 - Flintshire County Council (Item 46)

46 Treasury Management Annual Report 2013/14 pdf icon PDF 29 KB

Additional documents:

Decision:

            That the Annual Treasury Management Report for 2013/14 be approved.    

 

Minutes:

                        The Corporate Finance Manager introduced the report to present to Members the Annual Treasury Management Report for 2013/14.

 

                        He detailed the background to the report and explained that the Annual Report had been reviewed by Audit Committee on 16 July 2014 and considered by Cabinet on 16 September 2014 for recommendation to Council.  The key points were detailed and the Corporate Finance Manager explained that Section 2 provided a review of the economy and interest rates and Section 4 provided further details of the Council’s investment activity during the year.  It was reported that the Council had sold its claims against the insolvent estate of LBI (Landsbanki) through a competitive action process and had recovered 92% of the amounts originally deposited.  Section 5 of the report provided further details. 

 

            RESOLVED:

 

            That the Annual Treasury Management Report for 2013/14 be approved.