Issue - meetings

This report provides an update on treasury management performance for the first six months of 2021/22.

The Panel received a report on treasury management performance for the first six months of 2021/22.

The Panel also received a training presentation from the Council’s external treasury management advisers, Link Asset Services.

The following matters were raised by Councillors:

a)            That interest returns in the current environment are low, but this is reflective of the wider economic environment;

b)            That officers should consider opportunities to place fixed term deposits, where cash flow permits and the counter party meets the Council’s criteria in the Treasury Management Strategy, to secure greater yield;

c)            That the interest rate used for budgeting purposes should be set at a lower level.

Following consideration, the Panel resolved to:

(1)          Receive the presentation from Link Asset Services – Treasury Solutions;

(2)          Note the performance on return of investments for the first six months of 2021/22;

(3)          Note the current investment decisions being made within the terms sets out in the Treasury Management Strategy.