Issue - meetings

The Head of Corporate Finance & Commercial Procurement to present a report which provides an update on treasury management activities and prudential indicators for the period 1 April to 30 September 2019.

Resolved:  (i)      That the Treasury Management activities to date during 2019/20 be noted.

                   (ii)      That the Prudential Indicators set out in Annex A, and the compliance with all indicators, be noted.

Reason:     To ensure the continued performance of the council’s Treasury Management function.

The Head of Corporate Finance & Commercial Procurement (Interim s.151 Officer) presented a report which provided an update on Treasury Management activities for the period 1 April to 30 September 2019.

The report, prepared in compliance with CIPFA’s Code of Practice on Treasury Management, provided: an economic update for the first part of the 2019/20 financial year; a review of the Treasury Management Strategy Statement and Annual Investment Strategy; the prudential indicators; reviews of the council’s investment portfolio and borrowing strategy; and a review of compliance with the Treasury and Prudential Limits.

It was confirmed that during the financial year 2019/20 to date, the council had operated within the treasury limits and Prudential Indicators, as set out in the report and Annex A.

Resolved:  (i)      That the Treasury Management activities to date during 2019/20 be noted.

                   (ii)      That the Prudential Indicators set out in Annex A, and the compliance with all indicators, be noted.

Reason:     To ensure the continued performance of the council’s Treasury Management function.