Issue - meetings

Council is recommended to note:

1.  That a mid-year review of the Treasury Management Strategy Statement has been undertaken and the Council has operated within the limits and requirements approved in March 2019.

2. That revenue underspends of £253,000 for the General Revenue Account and £124,000 for the Housing Revenue Account are forecast from treasury management activities in 2019-2020.

Councillor Louise Miles presented the Treasury Management Activity Monitoring- Mid Year Review 2019-2020 for recommendation to Council. The report provided a monitoring and progress report on treasury management activity for the second quarter of 2019-2020 as part of the mid-year review, in line with the Prudential Indicators approved by Council in March 2019. There had been a change to national rules regarding borrowing by local authorities and updates would be provided to Cabinet as developments evolved. The Cabinet recorded their thanks to the officers involved for their work.

Resolved:

Council is recommended to note:

1. That a mid-year review of the Treasury Management Strategy Statement has been undertaken and the Council has operated within the limits and requirements approved in March 2019.

2. That revenue underspends of £253,000 for the General Revenue Account and £124,000 for the Housing Revenue Account are forecast from treasury management activities in 2019-2020.