Decision

Having been duly proposed and seconded, the Executive Resolved to:-

1)    Note the year end position and that all activity during the year was compliant with the approved Treasury Management Strategy, and within the prudential indicators set in that Strategy.

2)    Note the reduction in borrowing costs and for the General Fund the 6.97% proportion of net revenue stream, which compared well with the CIPFA recommended maximum of 10%.

3)    Approve the report as being compliant with the CIPFA Code of Practice for Treasury Management and recommended it to Full Council at the next available meeting.