Decision details

Treasury Management Stewardship Report 2020/21 and mid-year report 2021/22

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:

To consider a report on the review of
Treasury Management performance for
2020/21 and the outturn for the first six
months of 2021/22, including the economic
factors affecting performance, the
Prudential Indicators and compliance with
the limits set within the Treasury
Management Strategy.

Decisions:

33.1     The Cabinet considered a report by the Chief Operating Officer.

 

33.2     It was RESOLVED to note the Treasury Management performance in 2020/21 incorporating the mid year review for the first half of 2021/22.

 

Reason

 

33.3     The report fulfils the requirement to submit an annual/half yearly report in the form prescribed in the Treasury Management Code of Practice. The report has been considered by the Audit Committee. Short term lending throughout the 18 month period covered achieved returns between 0.37% and 1.01%. The key principles of security, liquidity and yield are still relevant. Officers are currently investigating further opportunities within the strategy to increase investment income whilst minimising costs and maintaining security, in a period of significant uncertainty. 

 

Report author: Ian Gutsell

Publication date: 14/12/2021

Date of decision: 14/12/2021

Decided at meeting: 14/12/2021 - Cabinet

Accompanying Documents: