Decision details

1)    That the half yearly treasury management performance in 2017/2018 be noted.

2)    That the CIPFA consultation on the current treasury management and prudential codes be noted, and that any revisions be incorporated into the forthcoming Treasury Management Strategy 2018/2019.

3)    That the report be submitted to Council on 13 December 2017 with a recommendation that;

(i)            approval be given to the Council’s ‘opt up’ application to professional client status as part of the ‘Markets in Financial Instruments Directive’ in order for the Council to continue to be able to access the widest range of instruments in line with approved strategy, from January 2018.

(ii)          approval be given to the changes, as set out within Appendix 6 of the considered report, regarding current Treasury Management Practices wording and the substitution of Director of Resources with Chief Finance Officer

(iii)         approval be given to the ‘liquidity risk’ management strategy and approach in relation to the Council and Kirklees Neighbourhood Housing.