This performance monitoring report on the Treasury Management Strategy:  Annual Report and Performance 2015/16 is submitted twice a year:

·         Dec 2015– the position at the 30 September 2015 (Half Year)

·         Sept 2016 – the position at 31 March 2016 (Full Year)

Council had before it the report of the Head of Finance to the City Executive Board on 12 February 2015 detailing the treasury management strategy for 2015/16 and the prudential indicators for 2015/16 to 2017/18, and the decisions and recommendations of the City Executive Board.

Councillor Turner moved and Councillor Price seconded approval of the recommendations to Council in the report.

Council resolved to:

1.    approve the Treasury Management Strategy 2015/16 and adopt the Prudential Indicators 2015/16 – 2017/18 at paragraphs 8 to 37 and Appendix 2;

2.    approve the Investment Strategy for 2015/16 and investment criteria set out in paragraphs 23 to 37 and Appendix 1; and

3.    approve the Minimum Revenue Provision (MRP) statement at paragraphs 12 to 22 which sets out the Council’s policy on debt repayment.