Treasury Management Report - Mid Year 2019/20
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet considered a report of Executive Director (Finance and Resources) covering the treasury management activity and compliance with the treasury management strategy for both quarter two and the period from April to September 2019.
Reasons for Recommendations
The CIPFA Code of Practice on Treasury Management recommends that Local Authorities should submit reports regularly. The Treasury Management Policy Statement for 2019/20 set out that reports would be submitted to Cabinet quarterly on the activities of the treasury management operation.
There are many options available for the operation of the Treasury Management function, with varying degrees of risk associated with them. The Treasury Management Policy aims to effectively control risk to within a prudent level, whilst providing optimum performance consistent with that level of risk.
Note: This is a Council Function
Eligible for call in to: Policy and Resources Scrutiny Committee
Cabinet Member: Cllr Woodley
Report author: Joe Chesterton
Publication date: 08/11/2019
Date of decision: 05/11/2019
Decided at meeting: 05/11/2019 - Cabinet
Effective from: 16/11/2019
This decision has been called in by:
- Councillor Tony Cox who writes for consideration by Policy & Resources Scrutiny Committee"
- Councillor Meg Davidson who writes for consideration by Policy & Resources Scrutiny Committee"