Issue - meetings

Report of the Corporate Director (Resources, Environment and Cultural Services) setting out the current treasury position and management indicators.

The current treasury position and treasury management indicators was noted.

Report of the Corporate Director (Resources, Environment and Cultural Services) providing a mid-year update on the Council’s trending activities for the first half of the current financial year including details of the investment and loans portfolios and an economic review from treasury advisors..

Investment balances in the first half of the year ranged from £23M to £42M with a daily average of £33M.

Given the lower level of balances than in previous years investments comprised mainly money market deposits due to their high credit rating, accessibility and favourable interest rates when compared to less secure, fixed term short duration investments. Two 95 day notice accounts were also utilised with UK banks, however, which both provided enhanced returns above similar fixed deposit periods with remaining cash being invested in instant access accounts and maturing long term deals.

RESOLVED:

That the current treasury position and treasury management indicators be noted.