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Treasury Management Report

Meeting: 29/10/2020 - Cabinet (Item 165)

165 Treasury Management Mid-Year Report 2020-21 pdf icon PDF 275 KB

Summary:

 

To inform Cabinet of the investment performance of the Council’s internally and externally managed funds to 30 September 2020 and to update the Treasury Indicators for the six months to 30 September 2020.

 

Recommendations:

 

1.    That Cabinet notes the investment performance of the Council’s funds; and  

 

2.    That Cabinet notes the half-year position of the Council’s Treasury Indicators.

Minutes:

The Strategic Director (Internal Services) presented a report which detailed the investment performance of the Council’s internally and externally managed funds to 30 September 2020 and updated the Treasury Indicators for the six months to 30 September 2020. She informed Members that in previous years the Council had consistently overachieved on its investment targets, but that whilst the current investment target would be delivered, there would not be the same level of overachievement given the current state of the global investment markets.

 

The Cabinet Portfolio Holder for Finance paid tribute to the Council’s investment management team and their advisors and clarified the background to the element of debt shown in the report which related to the Council’s purchase of its housing stock in 2012 and the arrangements for repayment of that loan. 

 

         RESOLVED:

 

1.    That Cabinet notes the investment performance of the Council’s funds; and

 

2.     That Cabinet notes the half-year position of the Council’s Treasury Indicators.

 


Meeting: 26/10/2020 - Cabinet Advisory Panel B (Item 17)

17 Treasury Management Mid-Year Report 2020-21 pdf icon PDF 275 KB

Summary:

 

To inform Cabinet of the investment performance of the Council’s internally and externally managed funds to 30 September 2020 and to update the Treasury Indicators for the six months to 30 September 2020.

 

Recommendations:

 

1.    That Cabinet notes the investment performance of the Council’s funds; and  

 

2.    That Cabinet notes the half-year position of the Council’s Treasury Indicators.

Minutes:

The Cabinet Advisory Panel endorsed the recommendations contained in the report.