Decision details

Chris Ward, the Director of Finance and S151 Officer, presented his report which was obligatory to report on the Treasury Management activities of the previous year. 

The Cabinet supported the recommendations within the report which are forwarded to Council for approval.

RECOMMENDED to Council

That the following recommendations relating to Appendices A and B of this report be approved:

Appendix A - that the following actual prudential indicators based on the unaudited draft accounts be noted:

(a) The actual ratio of non-Housing Revenue Account (HRA) financing costs to the non HRA net revenue stream of 8.7%;

(b) The actual ratio of HRA financing costs to the HRA net revenue stream of 13.4%;

(c) Actual non HRA capital expenditure for 2014/15 of £41,960,000;

(d) Actual HRA capital expenditure for 2014/15 of £26,370,000;

(e) The actual non HRA capital financing requirement as at 31 March 2015 of £250,599,000;

(f) The actual HRA capital financing requirement as at 31 March 2015 of £153,391,000;

(g) Actual external debt as at 31 March 2015 was £462,566,096 compared with £441,970,134 at 31 March 2014.

Appendix B - That the following actual Treasury Management indicators for 2014/15 be noted:

(a) The Council’s gross debt less investments at 31 March 2015 was £140,649,000;

(b) The maturity structure of the Council’s borrowing was

(c) The Council’s sums invested for periods longer than 364 days at 31 March 2015 were:

(d) The Council’s fixed interest rate exposure at 31 March 2015 was £252m, ie. the Council had net fixed interest rate borrowing of £252m

(e) The Council’s variable interest rate exposure at 31 March 2015 was (£198m), ie. the Council had net variable interest rate investments of £198m