Decision details

This report summarises the Council’s investment activity up to 30 September 2017 and provides details of the Council’s money market transactions.

Under the Code of Conduct that governs the operation of the money markets, it is not possible to make public details of specific transactions.  For this reason, Appendix B is included in the confidential part of the agenda.

This report gives the Executive the opportunity to review the treasury management activity up to 30 September 2017 along with the Treasury and Prudential Indicators.  During the first half of the year the Council operated within the Treasury and Prudential Indicators.

Council borrowing at 30 September was £42.3m and the overall investment position is set out in the following table:

This compares to the same time last year where total borrowing was £42m and the total investments were £31m.

From January 2018, the Council will need to maintain investments of £10million to retain its current MiFID ‘professional’ status and have access to the same broad range of investment products.

RESOLVED that the Executive notes the Treasury Management Monitoring Report for 2017/18.