Issue - meetings

Treasury Management Half Year Report 2020/2021

Meeting: 09/12/2020 - Overview and Scrutiny Committee (Item 53)

53 Treasury Management Half Year Report 2020/2021 pdf icon PDF 1 MB

To note the Treasury Management Performance for the year 2020/21 to date and note the updated prudential indicators.

 

Additional documents:

Minutes:

Members reviewed the Treasury Management Half Year Report 2020/21 and the updated prudential indicators. This was a substantial report and included all the finalised numbers. It was noted that the Council was well under the borrowing limits it had set itself earlier this year as a result of COVID-19 and the reduced level of new investments.

The Portfolio Holder for Finance, Councillor T. Schofield, said the Council had only one exception to its compliance with Treasury Management. This was due to the Council receiving so many different funding streams from central Government. It was a short-term problem to get the money correctly banked in different accounts and this was now done. Overall, the Council was on track and had complied with the limits that Members had previously approved.

RESOLVED – that the Treasury Management Performance for the year to date be noted and the updated prudential indicators be noted.


Meeting: 19/11/2020 - Executive (Item 46)

46 Treasury Management Half Year Report 2020/2021 pdf icon PDF 1 MB

The Deputy Leader and Executive Member for Finance.

 

Additional documents:

Decision:

RESOLVED:

 

To note the Treasury Management Performance for the year to date and note the updated prudential indicators.

Minutes:

The Deputy Leader and Portfolio Holder for Finance and Governance, Councillor Schofield, explained that the purpose for the Treasury Management Half Year Report was to provide an update on the performance of the Council’s treasury management activities. It also provided an update from the Council’s advisors and an updated outturn report.

 

Councillor Schofield reported that the Council complied with legislative and regulatory requirements, bar one exception which related to the Government’s payment of emergency funding as part of the national Covid-19 pandemic response. At short notice, it had not been possible to spread those funds across a range of banks and financial institutions as was required. This had been resolved.

 

Councillor Schofield explained that the Council’s treasury management activity had been on track and had complied with limits that Members had previously approved. The report would be submitted for consideration to the Overview and Scrutiny Committee and to Council for noting in December.

 

RESOLVED:

 

To note the Treasury Management Performance for the year to date and note the updated prudential indicators, and to RECOMMEND to Council to note.