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Agenda item

2019/20 Treasury Management Half Year Update - Report of Corporate Director of Resources


The Council considered a report of the Corporate Director of Resources that provided information on the treasury management mid-year position for 2019/20 (for copy see file of Minutes).


In moving the report Councillor A Napier, Deputy Leader and Portfolio Holder for Finance informed Council that the report was a half year update on treasury management activity.  It was pleasing that investments and borrowing were being well managed in accordance with the Treasury Management Strategy that the Council had agreed.  The report recommended increasing the operational boundary and authorising the limit for external debt.


Seconded by Councillor S Henig.



(a)   that the progress with the Treasury Management Strategy 2019/20 be noted;

(b)     that a revised operational debt boundary of £556 million and authorised limit of £611 million for 2019/20 reflecting increased finance lease commitments as referred to in the report be approved.

Supporting documents:


Democratic Services
Durham County Council
County Hall
County Durham
03000 269 714