Cabinet considered a report on the Treasury Management Strategy for 2017/18.
The Council had borrowed and invested substantial sums of money and was therefore exposed to financial risks including the loss of invested funds and the revenue effect of changing interest rates. The successful identification, monitoring and control of risk are therefore central to the Council’s treasury management strategy.
Resolved to recommend that Council approves the proposed Treasury Management Strategy for 2017/18.
Reason for Decision
The Treasury Management Strategy is fundamental to developing the financial sustainability of the Council.