Issue - meetings

To consider a report of the Director of Corporate Resources – Corporate Services giving details on treasury activity during 2017/18.

The Committee considered the annual report of the Director of Corporate Resources – Corporate Services (Item 7 in the Minute Book) regarding the performance of the treasury function during 2017/18 including the effects of any decisions taken and transactions executed throughout the year.

RESOLVED:

That the Audit Committee notes the following recommendations being

reported to Cabinet and Full Council:

i)             The approval of the addition of a further £0.5m to the Investment Risk Reserve created in the County Council’s accounts in 2017/18 as protections against the irrecoverable fall in value of any investments.

ii)            That the outturn review of treasury management activities be noted.