Decision details

Treasury Management Strategy 2020/21

Decision Maker: Audit, Risk and Governance Committee

Decision status: Recommendations Approved

Is Key decision?: No

Purpose:

to outline the treasury management position for 2020/21

Decisions:

Mike Jensen, Director of Investment presented the Treasury Management Strategy for 2020/21.

 

It was highlighted that in consideration of the success of the strategy, the substantial elements would continue allowing for some changes linked to events impacting the market. As a result of the increase in interest rates by the Public Works Loan Board, the council would be more likely to explore borrowing alternatives, such as public bond issues, largely in order to replace maturing loans. This would potentially be achieved via the recently relaunched UK Municipal Bond Agency. As a consequence an increase in investment limits to £750 million was proposed. 

 

An update was provided on the improved performance of investments since the last reported position

 

Resolved: That the Treasury Management Strategy 2020/21, as presented, be recommended to Full Council for approval.

 

Report author: Paul Dobson

Date of decision: 27/01/2020

Decided at meeting: 27/01/2020 - Audit, Risk and Governance Committee

Accompanying Documents: