Treasury practices

Treasury Management is defined as:

“The management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks."

  • External debt: We currently have external debt of £65.1m attributable to our housing stock, which is approximately 4,400 properties
  • Investment portfolio: At 31 March 2016 totalled £38.9m and averaged £44.1m over the year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.
  • Capital projects: We spent approximately £6.3m on capital projects during the 2015/16 financial year.
  • Capital spending: Approximately £23.3m has been allocated for Capital spending during 2016/17.

The Council has adopted the CIPFA code of practice for Treasury Management. We seek to identify, manage and control risk as a prime priority. Optimising returns is seen as secondary, but still important.

Treasury Measurement Practices (word)