Agenda item

To consider the Treasury Management Service performance and compliance with the Prudential Indicators for 2015/16.

The Executive received a report which provided a summary of the Council’s treasury management performance in 2015/16 and demonstrated compliance with the 2015/16 Prudential Indicators.

It was reported that the Council’s Treasury Advisors, Arlingclose, had recommended that the Council make a change to its Treasury Strategy to enable it to place more of its funds with a single fund manager. It was recommended to increase the limit of £3m per manager in “any group of pooled funds under the same manager” to £5m; this would enable the Council to take advantage of funds which performed well.

RESOLVED to note the report on Treasury Management including compliance with the 2015/16 Prudential Indicators

RECOMMENDED that

(a)           compliance with the Prudential Indicators for 2015/16 be noted; and

(b)          the Investment Limits for “Any Group of Pooled Funds under the same Management” in the 2016/17 Treasury Strategy be changed from £3m to £5m.