Treasury Management Strategy 2020/21
Decision Maker: Audit, Risk and Governance Committee
Decision status: Recommendations Approved
Is Key decision?: No
to outline the treasury management position
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
- Edit Report: Treasury Management Strategy 2020/21 PDF 124 KB View as DOC (1) 146 KB
- Appendix A - Treasury Management Strategy 2020/21 PDF 372 KB View as DOCX (2) 182 KB
- Appendix B - Non-treasury investment strategy 2020/21 PDF 29 KB View as DOCX (3) 16 KB
- Appendix C - Minimum Revenue Provision PDF 33 KB View as DOCX (4) 18 KB