The Council Meeting has received the mid-year review of the Council’s Treasury Management Strategy and Annual Investment Strategy for 2017/18 in line with best practice guidelines, and noted:-
· the report and treasury activity in the first half of the financial year;
· the revised interest rate forecasts for PWLB rates over the short and medium term which would drive the Council’s long-term borrowing strategies going forward; and
· that investments with Local Authorities as identified in the Treasury Management Strategy Report (TMSS), also includes Combined Authorities and other government public authorities, for example, Police, Fire and Waste authorities and as such the minimum credit criteria and investment limits would be applied in the same way.
The Cabinet considered the mid-year review of the Council’s Treasury Management Strategy Statement and Annual Investment Strategy for 2017/18, and recommended to the Council Meeting that it
· receive and note the report and the treasury activity in the first half of the financial year;
· note the revised interest rate forecasts for PWLB rates over the short and medium term which will drive the Council’s long-term borrowing strategies going forward; and
· note that investments with Local Authorities as identified in the original Treasury Management Strategy Report (TMSS), also includes Combined Authorities and other government public authorities, for example, Police, Fire and Waste authorities and as such the minimum credit criteria and investment limits will be applied in the same way.