Issue - meetings

Report of the Chief Officer (Resources).

The Financial Services Manager introduced a report that sought the Panel’s views regarding the proposed treasury management framework for 2017/18.

The Chief Officer (Resources) advised of the key elements and assumptions feeding into the Strategy and that Cabinet had considered the report at its meeting on the 14th February 2017.  Unfortunately, it had not been possible to provide for scrutiny of the treasury proposals prior to it being considered by Cabinet, however, recommendations from the Panel would be fed into Budget Council on March 1^st 2017 when Members would be asked to formally approve the framework. 

Members asked a number of questions regarding changes to the report since the Cabinet meeting, investments decisions and advice, borrowing and debt and how this was split between General Fund and Housing Revenue Fund, interest payments, core funds and expected investments balances, business rates, under borrowing, Minimum Revenue Provision (MRP) and benchmarking.

Resolved:

That the report be noted.