Issue - meetings

Councillor Williams

To note the Treasury Management half-yearly report for 2017/18.

Cabinet considered the half-yearly report on Treasury Management. The report was an interim statement of treasury activities and the associated monitoring and control of risks for the first six months of the financial year, to the end of September 2017.

Resolved to note the treasury position achieved during the first six months of 2017/18 and the financial environment in global markets.

To note the Treasury Management situation.

The Deputy Chief Accountant presented the Treasury Management half-yearly report on treasury performance for the first six months of the financial year to the end of September 2017. The Council had invested and borrowed 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 report covered the council’s treasury activity and the associated monitoring and control of risks.

Resolvedto note the treasury position achieved during the first six months of 2017/18 and the financial environment in global markets.