Issue - meetings
2018/9 Treasury Management Activity Report
Meeting: 18/07/2019 - South Somerset District Council (Item 36)
36 2018/9 Treasury Management Activity Report 
PDF 775 KB
Additional documents:
Decision:
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RESOLVED: |
That Full Council agreed to:- |
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a. |
note the Treasury Management Activity for the 2018/19 financial year;
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b. |
note the position of the individual prudential indicators for the 2018/19 financial year;
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c. |
note the outlook for the investment performance in 2018/19;
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d. |
note the council operated within all of the Prudential Indicators during 2018/19. |
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Reason: |
To review the treasury management activity and the performance against the Prudential Indicators for the 2018/19 financial year as prescribed by the CIPFA Code of Practice and in accordance with the Council’s Treasury Strategy, Annual Investment Policy and Treasury Management Practices |
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(Voting: unanimous in favour)
Minutes:
The Portfolio Holder for Finance, Legal and Democratic Services introduced the report and advised the Council’s pooled funds had performed particularly well and he drew Members attention to the summary of investments on page 14. He also noted that the Council had 11 Prudential Indicators and had operated within all of them during 2018/19. He concluded that there had been some commercial acquisitions as the treasury management period was concluding which were not contained within the report. He thanked officers for their work
In response to a question, the Portfolio Holder for Finance, Legal and Democratic Services said the financial risks mentioned in paragraph 4 of the report were a statement of fact but the Council had not in fact suffered any losses although the risks remained. The Council’s Treasury Strategy and Annual Investment Policy sought to mitigate any risks and it was regularly monitored by the Audit Committee.
At the conclusion of the debate, Members were content to note the Treasury Management Activity for the 2018/19 financial year and individual prudential indicators.
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RESOLVED: |
That Full Council agreed to:- |
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|
|
a. |
note the Treasury Management Activity for the 2018/19 financial year;
|
|
|
b. |
note the position of the individual prudential indicators for the 2018/19 financial year;
|
|
|
c. |
note the outlook for the investment performance in 2018/19;
|
|
|
d. |
note the council operated within all of the Prudential Indicators during 2018/19. |
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Reason: |
To review the treasury management activity and the performance against the Prudential Indicators for the 2018/19 financial year as prescribed by the CIPFA Code of Practice and in accordance with the Council’s Treasury Strategy, Annual Investment Policy and Treasury Management Practices |
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