Issue - meetings

To consider the report of the Director Finance.

Agreed:

RECOMMENDED that Council note the content of the Treasury Management report.

Reason for Decision: As set out in the report.

The Executive received the report on the current Treasury Management performance for the 2021/22 financial year and the position of investments and borrowings at 31 March 2022.

Councillor Jobson, as an opposition group leader, spoke on this item and asked for an update on the maturity dates of the Council’s current fixed term deposits

The Deputy Chief Finance Officer provided the following updates as at 5 July 2022  in respect of Fixed Term Investments:-

Standard Chartered - 14/04/2022 - 14/10/2022 - 1.39%                             3,000,000

Slough Borough Council -18/05/2022 - 20/02/2022 - 1.5%                         5,000,000

Thurrock Borough Council - 12/05/2022 - 14/11/2022 - 1.20%                   5,000,000

Goldman Sachs - 15/06/2022 - 15/12/2022 - 2.115%                                 3,000,000

West of England Combined Authority - 23/06/2022 -16/03/2023 - 1.65%   5,000,000

                                                                                                                    21,000,000

The fixed term deposits set out in the report were in place at the end of the reporting date, 31 March 2022.

RECOMMENDED that Council note the content of the Treasury Management report.