Issue - meetings

The report provides details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2020/21 Treasury Management and Annual Investment Strategy.  Members are invited to recommend adoption of the Strategy.

The report of the Director of Finance and Transformation provided details of investments undertaken and return achieved in the first nine months of the current financial year and introduced the 2020/21 Treasury Management and Annual Investment Strategy.  Attention was drawn to the higher than budgeted investment income from cash flow and core cash at the end of December 2019 and the incorporation of the anticipated increase of £117,000 for the year in the revised estimates.

RECOMMENDED:  That

(1)             the treasury management position as at 31 December 2019 be noted together with the higher level of income incorporated in the 2019/20 revised estimates; and

(2)             the Treasury Management and Annual Investment Strategy for 2020/21 set out at Annex 5 to the report be adopted.