Decision details

TREASURY MANAGEMENT - QUARTER 2 PERFORMANCE 2021/22 AND 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 2021/22 be noted;

2.  The amendment to the Council’s Treasury Management Strategy Statement allowing investment in Sovereign Bonds (Sterling denominations only and subject to a maximum duration of three years with a total exposure of no more than £25m) be agreed; and

3.  Council be recommended to approve the 2021/22 prudential indicators as set out in Appendix 4 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. Investments as at 30th September 2021 totalled £427.6m (£373.3m at 30th September 2020) with no outstanding external borrowing.

 

 

Publication date: 19/11/2021

Date of decision: 19/11/2021

Effective from: 27/11/2021

Accompanying Documents: