Issue - meetings

That the Treasury Management Mid-Year Report 2014/15 be approved.

The Corporate Finance Manager presented the Treasury Management Mid-Year Report for 2014/15 for approval and thanked all Members who had attended the recent Treasury Management training.

The report was considered at Cabinet on 20 January 2015 following the recommendation of the Audit Committee on 10 December 2014 which considered the report in detail.

Councillor Aaron Shotton moved approval of the recommendation which was duly seconded.

Councillor Mike Peers asked for clarification on the interest costs associated with debt which he said differed from those in previous reports.  The Finance Manager said it was a profiled budget, with more costs being incurred in the second half of the year than in the first.  She confirmed that the remainder of that budget would be paid in the coming six months bringing the total paid in line with budget and amounts reported previously.  The Chief Executive added that in future reports, end of year projections and accruals would be included for ease of reference.

            RESOLVED:

            That the Treasury Management Mid-Year Report 2014/15 be approved.