Agenda item

Mid-Year Review Report on Treasury Management for the period to 30 September 2018 - Report of Corporate Director of Resources

Minutes:

The Council considered a report of the Corporate Director of Resources which provided information on the treasury management mid-year position for 2018/19 and provided a summary of the Council’s treasury position, borrowing activity, investment activity, treasury management and prudential indicators (for copy see file of Minutes)

 

Councillor C Martin referred to the liquidity premium and asked whether consideration had been given to longer-term investments to increase levels of return.  The Corporate Director of Resources replied that advice current was that because of uncertainty around Brexit and markets investments should be for no longer than one year.  This would be considered again once the period of uncertainty was over.

 

In response to a question from Councillor R Bell the Corporate Director of Resources confirmed that borrowing was well within parameters and that as at 30 September 2018 the Council had under-borrowed by £70m the amount that could be borrowed.

 

Resolved:

That the report be noted.

Supporting documents: