Decision details

Treasury Management Report for the Half-Year Ended 30 September 2019

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Report is a summary of the Council’s borrowing and investment activities during the first six months of 2019/20. It considers both borrowing and investment decisions taken in the light of the interest rates and economic conditions prevailing at the time.

Decisions:

“The UK economy continues to face a challenging outlook with notable signs of a global economic slowdown. At the County Council, we are focused on reducing the authority’s exposure to risk and using our resources prudently.  Our policy of using cash instead of borrowing continues to generate significant savings, helping reduce the average interest we pay on our debt.”

 

Mike Sutherland, Cabinet Member for Finance

 

Reasons for the Decision – to consider a summary of the Council’s borrowing and investment activities during the first six months of the year.

 

Decision – That the treasury management activities for the half-year ended 30 September 2019, including the Prudential Indicators detailed in Appendix 2 to the report, be noted.

Report author: Johirul Alam

Publication date: 21/11/2019

Date of decision: 20/11/2019

Decided at meeting: 20/11/2019 - Cabinet

Effective from: 27/11/2019

Accompanying Documents: