Decision details

AG/2018/04 - Treasury Management Annual Report

Decision Maker: Audit and Governance Committee

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No


Lyndsey Gamble, Head of Investment, Risk and Commercial Finance, presented the report. Following member enquiry, particular explanation was given to the cash balance strategy (versus longterm borrowing).


Following a question on investment property purchases from Councillor Nick Mattey, the Head of Investment, Risk and Commercial Finance explained the modelling involved which covered a range of scenarios. The Councillor further enquired about investment in land in Belmont and Gerald Almeroth, Strategic Director, explained the borrowing strategy and the minimisation of revenue costs. Councillor Param Nandha enquired if other such investment was foreseen at present to which it was responded that this was a separate consideration to treasury management and sources of borrowing were explained. Chair and Vice Chair respectively, drew attention to Heritable Bank (Paragraph 4.34-5) in the report and the maintenance of surplus funds (Paragraph 4.20)



1.    The treasury management activity undertaken during 2017/18 be noted.

2.    The Council performing within the Prudential Indicator limits set for 2017/18 be noted.

3.    This report be approved as the Treasury Management Annual Report 2017/18 and recommended for adoption by Full Council.

Publication date: 20/08/2018

Date of decision: 26/07/2018

Decided at meeting: 26/07/2018 - Audit and Governance Committee

Accompanying Documents: