31 REVIEW OF PRUDENTIAL LIMITS AND TREASURY MANAGEMENT MIDYEAR 2019/20 PDF 373 KB
Report of Director Finance and Commercialisation (S151) detailing a review of Prudential Limits and Treasury Management Midyear as part of the Prudential Framework reporting requirements.
Additional documents:
Minutes:
The Committee considered the report of the Director of Finance and Commercialisation (S151 Officer) detailing the Treasury Management activities and performance for 2019/20 to date against the approved Prudential Indicators for External Debt and Treasury Management.
The Committee particularly noted that in relation to the current investment strategy forecast returns with a current weighted average rate was 1.58% with the average being 1.22%.
The Committee also suggested that it would be beneficial for the Council’s Treasury Management Advisors to do an All Member briefing ahead of the Council’s Budget meeting in 2020.
RESOLVED:
(i) That the Treasury Management activities for 2019/20 and performance against the Prudential Indicators be noted;
(ii) That the continued proactive approach to Treasury Management had led to reductions in borrowing costs and safeguarded investment income during the year be noted; and
(iii) That authority continued to be delegated to the S151 Officer to make any future changes which benefitted the authority and to report back at the next Treasury update.