Issue - meetings
Report 2
Meeting: 20/09/2018 - Council (Item 42)
42 Annual Treasury Report 2017/2018 
PDF 277 KB
Report of the Head of Finance, Governance and Assurance [s151 Officer] is attached.
Contact: James Walton Tel: 01743 258915
Additional documents:
- Annual Treasury Report Appendix A MAR2018 Debt Maturity Profile Annual Report, item 42
PDF 45 KB
- Annual Treasury Report Appendix B Annual Treasury Report 201718, item 42
PDF 70 KB
Minutes:
It was proposed by Councillor D Minnery and seconded by the Leader, Councillor P Nuttingthat the report of the Head of Finance, Governance and Assurance on the Annual Treasury Report 2017/18, a copy of which is attached to the signed minutes and the recommendations contained therein, be received and agreed.
Responding to concerns raised by some Members on the level of cash required and whether investing it would achieve a better financial return, the Portfolio Holder for Finance, Councillor D Minnery, explained that the level of cash needed varied throughout the year and statute constrained its use. He continued that investing this money would also create difficulties with retrieval when required and limit flexibility to act.
RESOLVED: That the position as set out in the Annual Treasury report 2017/18 of the Head of Finance, Governance and Assurance be approved.