To consider a report of the Executive Member for Finance and the Chief Finance Officer.

The Executive Member for Finance and the Chief Finance Officer submitted a report which set out for Members’ information a summary of key features arising from the Council’s treasury management activities undertaken during 2017/18. Members welcomed the report, and requested that thanks be accorded to the officers as appropriate for securing good performance in a challenging environment.

RESOLVED – That the Executive advise the Council:

·         Of the Treasury Management activities undertaken in 2017/18;

·         That no prudential limits were breached during 2017/18;

·         That there was full compliance with both the CIPFA Code of Practice on Treasury Management and CIPFA Prudential Code for Capital Finance;

·         To approve the revised Prudential Indicator for Maturity Structure of Borrowing shown at paragraph 7.3 of the report.