Issue - meetings
Treasury Management Update and Mid-Year Review
Meeting: 28/09/2020 - Audit Committee (Item 31)
31 Treasury Management Update and Mid-Year Review PDF 308 KB
The report provides an update on treasury management activity undertaken during April to August of the current financial year. A mid-year review of the Treasury Management and Annual Investment Strategy for 2020/21 is also included.
Additional documents:
- Annex 1 Investment summary 31 August 2020, item 31 PDF 35 KB
- Annex 2 Lending list 1 September 2020, item 31 PDF 35 KB
- Annex 3 Benchmarking 30 June 2020, item 31 PDF 659 KB
- Annex 4 Prudential and treasury indicators, item 31 PDF 116 KB
- Annex 5 Risk parameters, item 31 PDF 140 KB
Minutes:
The report of the Director of Finance and Transformation provided an update on treasury management activity undertaken during April to August of the current financial year within the context of the national economy. A mid-term review of the Treasury Management and Annual Investment Strategy for 2020/21 was also presented.
The report provided a commentary on investments derived from cash flow surpluses, core cash balances and other long term cash balances and the additional pressure placed on the Council’s finances by the pandemic was noted. A full list of investments held on 31 August 2020 was set out at Annex 1 to the report.
RECOMMENDED: That the following be commended to the Council:
(1) the action taken by officers in respect of treasury management activity for April to August 2020 be endorsed; and
(2) the existing parameters intended to limit the Council’s exposure to investment risks be retained.
*Referred to Cabinet