Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
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.
“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