Decision details

2020/21 Mid-Year Treasury Management Update Report

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No


The Executive Member for Financial Sustainability submitted a report which reviewed the Council’s treasury management activity for first six months of 2020/21 financial year, including the prudential indicators. He added that references to 2019/20 should be 2020/21


Appendix A contained the review and Members were being asked to recommend this to Council. He explained that the recommendation to increase the counter party limited from £20M to £30M was brought on by the receipt of a large sum of Government funding for Covid-19 related business support grants which had briefly exceeded the current limits. 


There being no comments, Councillor Williamson proposed and Councillor Buckmaster seconded a motion supporting the recommendations in the report. On being put to the meeting and a vote taken, the motion was declared CARRIED.


RESOLVED – that the Executive recommends to Council (A) the approval of the Treasury Management Mid-Year Review 2019/20;


(B)       the revised Prudential Indicators as shown in Appendix A (columns, entitled revised estimates, highlighted ‘green’ within tables); and


(C)       increase the counter party limit, from £20m to £30m, for the National Westminster Bank.


Report author: Steven Linnett

Publication date: 26/11/2020

Date of decision: 24/11/2020

Decided at meeting: 24/11/2020 - Executive

Accompanying Documents: