Greenwich Council

Issue - meetings.

Treasury Management Outturn Report 2016/17

Meeting: 18/07/2017 - Audit & Risk Management Panel (Item 6)

6 Treasury Management Outturn Report 2016/17 pdf icon PDF 92 KB

To note and refer to Council with any comments the Treasury Management Outturn Report for 2016/17

Additional documents:

Decision:

Noted the Treasury Management Outturn Report for 2016/17

Minutes:

The report was presented by the Assistant Director, Corporate Finance & Deputy s151 Officer.  He took Members through the report and tables within it pointing out that actual loans were below £400m and that the under-borrowing position continued.  The message for the year was that despite the volatility created by the EU referendum and the US election, the Local Authority was in a phase of benign activity and maintained its under-borrowing position.

 

In response to a question from the Vice-Chair, the Assistant Director advised that large metropolitan boroughs had a high requirement to borrow whereas small boroughs in rural areas had less of a need to do so.  The level of RBG’s borrowing was kept under constant review with its advisors and was at a level which could be expected of a large metropolitan borough.

 

Resolved: -

 

1.     That the Treasury Management Outturn Report for 2016/17 be referred to Council.