Issue - meetings

(Cabinet Member with Special Responsibility Councillor Whitehead)

Cabinet received a report from the Chief Officer (Resources) which provided an overview of the City Council’s financial position for Quarter 2 of the 2016/17 monitoring cycle and the supporting actions underway. 

The report was primarily for information and therefore no options were presented. 

Councillor Whitehead proposed, seconded by Councillor Leytham: -

“That the recommendations, as set out in the report, be approved.” 

Councillors then voted: -

Resolved unanimously:

(1)          That the report and supporting actions be noted. 

(2)          That the Treasury Management report attached at Appendix C to the report (now appended to the Cabinet minutes) be noted and referred on to Council for information. 

Officer responsible for effecting the decision:

Chief Officer (Resources)

Reasons for making the decision:

The City Council’s Performance Management Framework requires the regular reporting of operational, as well as financial performance.  The CIPFA (Chartered Institute of Public Finance and Accountancy) Code of Practice for Treasury Management recommends that members be updated on treasury management activities regularly to help demonstrate transparency and promote accountability.  It is a requirement that this half yearly update be referred onto Council for information.