Issue - meetings

To consider the report of the Interim Section 151 Officer, (copy enclosed).

The Committee received the report of the Interim Section 151 Officer reporting on the Council’s investment activity for the first half of 2019 / 20 in accordance with the Chartered Institute of Public Finance and Accountancy (CIPFA) and Accountancy Treasury Management code and the Council’s Treasury Management Policies and Practices (TMPs). 

The report detailed the Council’s investment activity for both investments and instant access reserve accounts.  Security of capital had remained the Council’s main investment objective, which had been maintained by following the Council’s counterparty policy.

Appendix 1 to the report had been prepared by Arlingclose (who provide treasury management consultancy and advice to the Council) and provided an overview of the external economic environment.  The report outlined investment activity for April – September 2019.

It was reported that the Prudential Indicators for 2019 / 20 which had been set on 29 January 2019, as part of the Treasury Management Strategy Statement, had been complied with to date and shown in Appendix 2 to the report.

RESOLVED that the Treasury Management report be noted for compliance purposes.