Issue - meetings

Treasury Management Strategy

Meeting: 11/03/2020 - Cabinet (Item 126)

126 Treasury Management Strategy 2020/21 pdf icon PDF 107 KB

To consider the report of the Cabinet Member for Performance and Resources seeking to formally recommend that Council approves the Treasury Management Strategy, the prudential indicators and notes the Treasury activities.

 

Additional documents:

Decision:

RECOMMENDED that the Treasury Management Strategy be approved.

 

Minutes:

Cabinet considered the report of the Cabinet Member for Performance and Resources that sought to formally recommend that Council approves the Treasury Management Strategy, the prudential indicators and notes the Treasury activities.

 

The Cabinet Member for Performance and Resources highlighted the key features of the report.  The Cabinet Member for Culture and Leisure raised the question of what the effect might be of the half percentage point reduction in the base interest rate announced by the Chancellor.  The Managing Director informed Members that the Accountancy Manager had exploited a brief drop in the Public Works Loan Board (PWLB) rate to save the Council £9 million over the lifetime of a loan.  The Cabinet Member for Environment asked that he be congratulated on behalf of Members.

 

RECOMMENDED that the Treasury Management Strategy be approved.