Issue - meetings
Treasury Management
Meeting: 10/12/2019 - Executive (Item 116)
116 Treasury Management 2019/20 Half Year Update 
PDF 106 KB
To consider the report of the Chief Finance Officer.
Additional documents:
Decision:
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Agreed |
RECOMMENDED that Council note the Treasury Management report in respect of the first six months of the 2019/20 financial year.
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Reason for Decision: |
As set out in the report.
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Minutes:
The Executive Committee received the statutory report, which advised on the current Treasury Management performance for the 2019/20 financial year and the position regarding investments and borrowings at 30 September 2019.
Particular reference was made to the £49.5 million of long term borrowing, taken by the Council to cover its future finances. The estimated projected interest of the year was £77,000 against a budget of £216,000, which highlighted the positive impact from the lower interest rates received by the Council.
RECOMMENDED that Council note the Treasury Management report in respect of the first six months of the 2019/20 financial year.
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