Issue - meetings

Treasury Management Six Monthly Update 2019/20

Meeting: 04/12/2019 - Cabinet (Item 79)

79 Treasury Management Update Annual Report 2019/20 pdf icon PDF 609 KB

To consider the report of the Cabinet Member for Performance and Resources that updates Members on treasury management activities for the six month period of 1st April 2019 to 30th September 2019 in accordance with the Chartered Institute of Public Finance and Accountancy Code of Practice for Treasury Management.

Additional documents:

Decision:

RESOLVED that the contents of the report be noted.   

Minutes:

Cabinet considered the report of the Cabinet Member for Performance and Resources that updated Members on treasury management activities for the six month period of 1st April 2019 to 30th September 2019 in accordance with the Chartered Institute of Public Finance and Accountancy Code of Practice for Treasury Management.

 

The Cabinet Member for Performance and Resources highlighted the key features of the report and especially the borrowing position.  The Cabinet Member for Environment referred to the Public Works Loan Board (PWLB) interest rate forecasts in Appendix 2 and asked if they had increased since the report had been published.  The Accountancy Manager confirmed that they had and advised that approximately 1% be added to each for a more current picture.  The Cabinet Member for Culture and Leisure stated that he was very impressed with the level of funds available for investment purposes (3.2) and thanked both Accountancy Managers for their work.

 

RESOLVED that the contents of the report be noted.