Issue - meetings

Treasury Management and prudential code update report - half year ending 30th September 2020

Meeting: 23/11/2020 - Executive (Item 42)

42 Treasury Management and Prudential Code Update Report - Half Year Ending 30 September 2020 pdf icon PDF 500 KB


Purpose of Report


To report the Council’s treasury management activity and the actual prudential indicators for the period 1 April 2020 to 30 September 2020.




That the report be noted.


Alternative Options Considered and Rejected




Reason for Decision


It was noted that the Council held £33 million in investments at 30 September 2020, with the full investment profile set out at Appendix A. Of this investment portfolio, 100% was held in low risk specified investments, the requirement for the year being a minimum of 25% of the portfolio to be specified investments. During the 6 months to 30 September on average 92% of the portfolio was held in low risk specified investments and an average of 8% of the portfolio was held in non-specified investments with other local authorities.


The report highlighted changes to the key prudential indicators, setting out an overview of the current status of the authority’s capital expenditure plans and provided further information in relation to the Council’s Investment Strategy 2020/21 to 2022/23.