Issue - meetings
TREASURY MANAGEMENT 2020/21 MID-YEAR PERFORMANCE REPORT
Meeting: 26/11/2020 - Accounts and Audit Committee (Item 11)
11 TREASURY MANAGEMENT 2020/21 MID-YEAR PERFORMANCE REPORT 
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To consider a report of the Executive Member for Finance and Investment and Corporate Director, Finance and Systems.
Minutes:
The Director of Finance introduced a report of the Executive Member for Finance and Investment and the Corporate Director, Finance and Systems which provided Members with a summary of the Treasury Management activities undertaken for the first half of 2020/21, including in relation to Debt Activity, Investment Activity and Prudential indicators. In discussion it was acknowledged that the impact of the Covid-19 pandemic on the Council’s treasury management function had been significant, notably in respect of the performance of the wider economy, interest base rates and investment income. The Council’s priority was always to seek security and liquidity as priorities ahead of rate of return. Members were advised that none of the Council’s Prudential Indicators in relation to Treasury activities had been breached in the first half of the year.
RESOLVED – That the Treasury Management activities undertaken in the first half of 2020/21 be noted.
