Decision details

Approve matters relating to the year-end position with regards to treasury management arrangements and activity.  Receive an update on treasury management activity in 2016/17 to date.

1.     That the revised Minimum Revenue Provision (MRP) statement setting out the method used to calculate MRP for 2017-2018, in particular, the change regarding investment assets which was being backdated to 1 April 2013, as set out in appendix F of the report.

2.     That it be noted, the Council operated within the approved Prudential and Treasury Management Indicators, and also within the requirements set out in the Council’s approved Treasury Management Policy Statement during 2016-17.

3.     That it be noted, the revenue savings of £1.7 million for the General Fund and £2.5 million for the Housing Revenue Account were generated from treasury management activities in 2016-17.

4.     That it be noted, the revenue savings of £810,000 for the General Fund and £329,000 for the Housing Revenue Account were forecast from treasury management activities in 2017-18.