Issue - meetings

Treasury Management Mid-Year Update

 

 

Meeting: 15/12/2020 - Cabinet (Item 112)

112 Treasury Management Mid-Year Update pdf icon PDF 329 KB

Report to follow

Decision:

RESOLVED TO RECOMMEND:

 

The acceptance of the Cabinet report on mid-year treasury management performance and prudential indicators for 2020/21.

Minutes:

Decision

RESOLVED TO RECOMMEND:

The acceptance of the Cabinet report on mid-year treasury management performance and prudential indicators for 2020/21.

Monitoring Officer
 

No comments to add to the report.

 

Deputy S.151 Officer

 

This is a Deputy Section 151 Officer Report.

 

Advice

Councillor Elliot introduced the report and said it was a statutory report on the performance of treasury management which is presented twice a year. He confirmed that all treasury management strategies have been followed in 20/21 and there are no proposed changes to the existing treasury management policy. The return of investment and quarterly revenue monitoring returns are behind expectations due to the impact of covid on cash balances and interest rates being significantly lower. The council’s cash is safe but like most other businesses, we are not earning much interest.

There were no questions.

Recommendations agreed.