The report confirmed that the Council had complied with the national treasury management regulations to produce an annual treasury management review of activities and the actual prudential and treasury indicators for 2015/16.
The report also provided evidence of compliance to the Council’s policies on treasury management, the chartered Institute of Public Finance & Accountancy (CIPFA) Code and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code).
Councillor Townend proposed, Councillor Stummer-Schmertzing seconded and Cabinet agreed the following:
1. To note the actual 2015/16 prudential and treasury indicators in this report;
2. To approve the annual treasury management report for 2015/16;
3. To recommend this report to Council.