Agenda item

The Committee considered a report of the Corporate Director Resources which provided details of the Annual Treasury Management Review and final outturn on treasury management activities for 2018/19 (for copy see file of minutes).

The Corporate Director of Resources reported that the year-end borrowing position was held at £311m.  He advised that there was some uncertainty in terms of interest rates but that rates remained low.  He added that the Council’s balance sheet was strong and that future borrowing had been agreed. All investments had been made in line with the CIPFA code of practice and balances had been managed well.

Resolved:

That the report be noted.