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.
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