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Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The Annual Report on Treasury Management for 2012/13 has been prepared in order to comply with the reporting requirements of the Code of Practice for Treasury Management produced by the Chartered Institute of Public Finance and Accountancy and adopted by the Council.
The financial year 2012/13 continued the challenging environment of previous years; low investment returns and continuing counterparty risk continued.
Full details of investment and borrowing activity in 2012/13 are set out in the main body of this report. Investment activity in 2012/13 is summarised below:
|
|
£m |
|
Investments as at 1 April 2012 |
32.9 |
|
Investments made in 2012/13 |
141.1 |
|
Investments repaid in 2012/13 |
141.2 |
|
Investments as at 31 March 2013 |
32.8 |
Total investment interest receivable for the year was £647,761. The total of external interest paid on borrowing and other amounts invested with the Council was £1,401,421.
The net total of £753,660 has been allocated to the Council’s funds as shown in the following table:
|
|
£ |
|
Net amount credited to the General Fund |
938,694 |
|
Net amount credited to the Whiteley Fund |
6,440 |
|
Net amount debited to the Housing Revenue Account |
(1,698,794) |
|
Net Total |
(753,660) |
During 2012/13, the Council complied with its legislative and regulatory requirements of the Prudential Code.
RESOLVED that the Treasury Management Annual Report for 2012/13 be noted.
Report author: Caroline Hancock
Publication date: 10/07/2013
Date of decision: 08/07/2013
Decided at meeting: 08/07/2013 - Executive
Effective from: 20/07/2013
Accompanying Documents:
PDF 271 KB
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