To consider a report of the Corporate Director, Finance & Systems.

The Executive Member for Finance and Investment and Corporate Director, Finance and Systems submitted a report setting out the out-turn position in relation to treasury management activities undertaken during 2018/19. For the benefit of new Members of the Committee, the Deputy Director of Finance provided an introduction to the main key features of treasury management activity, and the processes and timescales for reporting to the Committee. An opportunity was provided for members to raise questions on the content of the report. These focussed on clarifying the significance of a number of technical terms, and on the checks, balances and review mechanisms associated with treasury management decision making.

            RESOLVED – That the Committee advise the Council to note:

·         That no prudential and treasury indicators were breached during 2018/19.

·         The Treasury Management activities undertaken in 2018/19.