Decision details

TREASURY MANAGEMENT - QUARTER 2 PERFORMANCE 2020/21 & MID-YEAR REVIEW

Decision Maker: Portfolio Holder for Resources, Commissioning and Contracts Management

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes

Decision:

That:

 

1.  The Treasury Management performance for the second quarter of 2020/21 be noted;

 

2.  Council be recommended to approve the 2020/21 prudential indicators as set out in Annex B1 of the report.

 

Reasons for the decision:

The report ensures that the Council is implementing best practice in accordance with the CIPFA Code of Practice for Treasury Management. Investments as at 30th September 2020 totalled £373.3m and there was no outstanding external borrowing. For information and comparison, the balance of investments stood at £366.7m as at 30th June 2020, £336.1m as at 31st March 2020, and, at the time of writing this report (4th November 2020) it stood at £390.4m.

 

Publication date: 19/11/2020

Date of decision: 19/11/2020

Effective from: 27/11/2020

Accompanying Documents:

 

Original Text: