Issue - meetings

Item CB 20/8 referred from Cabinet minutes of 13 February 2020

Item CB 20/8 referred from Cabinet minutes of 13 February 2020 

RESOLVED:  That the recommendations at Minute CB 20/8 be approved.

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 to Council.

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 an introduction to the 2020/21 Treasury Management and Annual Investment Strategy.  Members were invited to recommend adoption of the Strategy by the Council.

It was noted that the Audit Committee at its meeting on 20 January 2020 had reviewed and endorsed the matters covered by the report.

The Cabinet acknowledged the work of officers involved in the Council’s treasury management.

RECOMMENDED:  That

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

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

*Referred to Council