Issue - meetings

RESOLVED TO RECOMMEND

The acceptance of the report on Treasury Management performance in 2019/20 and the Prudential Indicators for 2019/20.

Decision

RESOLVED TO RECOMMEND

The acceptance of the report on Treasury Management performance in 2019/20 and the Prudential Indicators for 2019/20.

Corporate objectives

Optimising investment income for General Fund and Housing Revenue budgets whilst managing investment risk is fundamental to achieving the corporate objective of ensuring efficient and modern service delivery.

Monitoring Officer

No comments to add to the report.

Deputy Section 151 officer

This is a Deputy S151 Officer report.

Advice

Councillor Elliot introduced the item to members. This report is a statutory requirement for the Council to provide an annual performance report on treasury management activities, and this report fulfils that requirement. The report outlines the financial performance of DBC’s treasury management function for 2019/20, covering the borrowing and investment performance. The report is self-explanatory, but a key point worth highlighting is that during 2019/20 the council achieved an average rate of return of 0.81%, which represented a year-on-year improvement of 0.12% which equated to an average increase in the rate of return of 17%.

There were no questions.

Recommendations agreed.