To consider a report of the Executive Member for Finance and Investment and the Corporate Director of Finance and Systems.

The Executive Member for Finance and Investment and the Corporate Director of Finance and Systems submitted a report which provided for Members a summary of the Treasury Management activities undertaken for the first half of 2019/20, including in relation to Debt Activity, Investment Activity and adherence to Prudential indicators. It was noted that the report had already been considered by the Accounts and Audit Committee. In discussion, questions were raised regarding the consideration of potential alternative funding sources in the light of recent changes to the Public Works Loan Board; and in relation to the criteria pertaining to Barclay’s Green Deposit Notice Account, on which it was agreed that a response would be made outside the meeting.

RESOLVED – That the Treasury Management activities undertaken in the first half of 2019/20 be noted.