Agenda item

The Executive Director Core Services and Service Director Finance will submit a joint report that was submitted to Cabinet on the 4^th September, 2019 reviewing the treasury management activities carried out by the Council during the quarter ended 30^th June, 2019 in accordance with statutory guidance.

The Executive Director Core Services and Service Director Finance submitted, for information, a joint report which had been considered by Cabinet on the 4^th September, 2019 reviewing the treasury management activities carried out by the Council during the quarter ended 30^th June, 2019 in accordance with statutory guidance.

The report gave details of the following:

·         The overarching Treasury Management Strategy for 2019/20

·         An Economic Summary

·         The Council’s borrowing and leasing activity

·         The Council’s Investment activity

·         Prudential and Treasury Indicators for 2019/20

The Cabinet had noted the latest expectations for interest rates, the Treasury Management activities undertaken during the first quarter which supported the Council’s borrowing and investment strategies together with the Prudential and Treasury Indicators as detailed within Appendix 1 of the report.

The Service Director Finance Committee stated that there were no major issues to report, however, he briefly touched upon the current position with regard to interest rates and on the implications this could have for the Authority and for future borrowing requirements.

RESOLVED that the report be received.