Agenda item - Treasury Management Policy Statement 2016/17

Extract from the proceedings of the Policy & Resources Committee meeting held on 17 March 2016; together with a report of the Acting Executive Director of Finance & Resources (copies attached).

1)            That the Committee note the report.

20.1      The Committee considered a report of the Executive Director, Finance & Resources that provided the Treasury Management Policy Statement 2016/17 report and an extract of proceedings of the Policy & Resources Committee held on 17 March 2016 from which the report had been referred.

20.2      Councillor Morris noted that the fund performance had decreased in 2015/16 compared to previous years.

20.3      The Assistant Director, Finance clarified that the performance of the cash manager fund was still performing relatively well and had exceeded its 2015/16 benchmark but had tailed off slightly compared to previous years. As the report noted, options were being explored for future cash managements.

20.4      RESOLVED- That the Committee note the report.