Decision details
Treasury Management Stewardship Report 2019/20 and mid-year report 2020/21
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To consider a report on the review of Treasury Management performance for 2019/20 and the outturn for the first six months of 2020/21, including the economic factors affecting performance, the Prudential Indicators and compliance with the limits set within the Treasury Management Strategy.
Decisions:
34.1 The Cabinet considered a report by the Chief Operating Officer.
34.2 It was RESOLVED to note the Treasury Management performance in 2019/20 incorporating the Mid Year review for the first half of 2020/21.
Reason
34.3 This report fulfils the requirement to submit an annual/half yearly report in the form prescribed in the Treasury Management Code of Practice. Short term lending throughout the 18 month period covered achieved returns between 0.75% and 1.12%. 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 uncertainty.
Publication date: 26/03/2021
Date of decision: 08/12/2020
Decided at meeting: 08/12/2020 - Cabinet
Effective from: 16/12/2020
Accompanying Documents:
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