Issue - meetings

To consider the attached report of the Director of Finance, Housing and Community.

The Director of Finance, Housing and Community presented the report on the Revised 2016/17 Treasury Management Strategy.

The Chairman advised that any discussions relating to the Property Investment Strategy would need to be conducted under that item in the agenda.

The consensus of opinion was that it would be helpful to discuss the Property Investment Strategy first and Members agreed to vary the order of the agenda to take that item next.

To consider the attached report of the Director of Finance, Housing and Community.

The Director of Finance, Housing and Community presented the Revised 2016/17 Treasury Management Strategy report.

Members discussed the reporting route for the Council’s investments, noting that Treasury Management matters were currently reported to the Governance Committee and included within the Medium Term Financial Plan.

RESOLVED:  That Cabinet decision CAB85 be reaffirmed and it be recommend to Council:

(a)  That the revised Treasury Management Strategy 2016/17 be approved.

(b)  That a report on property investment be submitted annually to Council.

(The Chairman, with the consent of Members, varied the order of the agenda to take this item of business after Minute No. 100 (Exclusion of the Press and Public) and Minute No. 101 (Property Investment Strategy). Upon the conclusion of their consideration of the Property Investment Strategy, the Committee resolved to readmit the press and public for the remainder of the meeting.)

To consider the attached report of the Director of Finance, Housing and Community.

Responsibility: Portfolio Holder for Corporate Resources and Performance

It was agreed to recommend to Council that the revised Treasury Management Strategy 2016/17 be approved.