Issue - meetings

To consider the review of Treasury Management activity and performance for 2016-17 and to make any comments to Cabinet and to note the final Prudential Indicators for 2016-2017 to 2021-2022 as detailed in appendix 1 to the report.  

The committee considered the report in the agenda (copy attached to the official minutes).

Mr Catlow presented the report.

The committee made the following comments and received answers to questions as follows:

·         There is a lot of uncertainty over Brexit and we will be guided by our treasury management consultants. We will be in a depressed interest rate market for the foreseeable future.

·         An explanation of traffic light system was given. Request was made to include this clarification in future reporting.

·         The Investment Protocol approved by the Council gives priority to investments within the district area however opportunities to acquire properties elsewhere are not excluded. Investments in estates are considered by estates officers and opportunities tended to be concentrated in an area due to demographics and/or business.

·         Capital expenditure is £1.6m less than the estimate and described as ‘variations and underspends’ including slippage of some schemes.

RESOLVED

That the final Prudential Indicators for 2016-17 to 2021-22 as detailed in appendix 1 to the report be noted.

RECOMMEND TO CABINET

That the 2016-17 Treasury Management Outturn Report be approved.