Issue - meetings

Treasury Management Half Year Report

Meeting: 18/11/2020 - Cabinet (Item 48)

48 Half Yearly Treasury Management Report for the Period Ended 30 September 2020 pdf icon PDF 699 KB

Cabinet Member for Finance and Corporate Matters

Additional documents:

Minutes:

“The UK economy continues to face an uncertain environment in 2020/21, with Brexit negotiations and the impacts of the continuing Covid-19 pandemic. The County Council adheres to its Treasury Management Policy of using internal cash balances instead of borrowing money. This has delivered significant savings

for taxpayers, as the infrastructure to deliver more skilled, better-paid jobs is being funded at a lower cost.”

 

Mike Sutherland, Cabinet Member for Finance and Corporate Matters

 

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 – (a) That the treasury management activities for the half-year ended 30 September 2020 be noted.

 

(b) That the Prudential Indicators (as detailed in Appendix 2 to the report) be noted and that the increase to the Upper Limit of variable rate interest exposure (as detailed in paragraph 42 of the report) be agreed.