Issue - meetings

To provide an update on treasury management activity as at 30/06/2022.

The Senior Accountancy Officer introduced the report and highlighted the following points:

• Page 30 showed a summary of investments of which the rate of return had increased to 0.788% since last quarter.
• Page 31 showed a summary of the property and multi-asset funds. The Senior Accountancy Officer explained that the property funds had gained since last quarter whereas the multi-asset funds had decreased.
• Page 35 showed a summary of the prudential indicators.

Councillor Wilsher received the following answers in response to questions asked:

• The Link Asset Services (LAS) were the Council’s Treasury Consultants, and the blue fund was the government protected fund.
• Previously, committing funds for over 1 year would enhance the return rate which was why the allowance allowed for 2 years.
• The Capital Programme borrowing could be external or internal. Previously they had borrowed internally and would be likely to do the same over the next few years.
• The Treasury Management Strategy Statement (TMSS) was reviewed annually.

Councillor Pearson proposed and Councillor Robinson seconded.

After being put to a vote, the Motion was carried unanimously.

RESOLVED To accept the treasury management activity first quarter report for 2022/2023.