Decision details

Treasury Management Annual Report 2017/18 (LDR67)

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This Council is required by regulations issued under the Local Government Act 2003 to produce an annual treasury management review of activities and the actual prudential and treasury indicators for 2017/18. This report meets the requirements of both the CIPFA Code of Practice on Treasury Management, (the Code), and the CIPFA Prudential Code for Capital Finance in Local Authorities, (the Prudential Code).

Decision:

The Cabinet considered the Annual Report of the Council’s Treasury Management function in 2017/18 and recommended to the Council Meeting that it

 

·         approve the actual 2017/18 prudential and treasury indicators in the report;

·         note the annual treasury management report for 2017/18;

·         note that no fundamental changes had been made during 2017/18 to the Treasury Management Policy Statement and Practices approved at the Council meeting on 14 September 2017, but that these would be fully reviewed in light of the requirements of the revised CIPFA Codes published in December 2017 and reported to councillors later in 2018/19.

Alternative options considered:

None

Reason Key: Policy Framework & Budget;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: An Equality Impact Assessment was undertaken as part of the first Strategy Report for the 2017/18 financial year.

Decision Reference: CAB103

Declarations or conflicts of Interest: None

Forward Plan Reference: LDR67

Other reasons / organisations consulted

CRMG received training in December 2016 when they were consulted on the initial Treasury Management Strategy report for 2017/18. They have received regular update reports throughout the financial year at Q1 and Q3 and the mid-year review report.

Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.

Report author: Lorna Soufian

Publication date: 18/07/2018

Date of decision: 17/07/2018

Decided at meeting: 17/07/2018 - Cabinet

Accompanying Documents: