Decision details
Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2020/21 (RCG21)
PDF 149 KBDecision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
This report provides Cabinet with a mid-year
review of the Council’s Treasury Management Strategy
Statement (TMSS) and Annual Investment Strategy (AIS) for
2020/21.
Decision:
The Cabinet has considered the Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2020/21 and has agreed to recommended that the Council Meeting:-
· Notes the report and the treasury activity in the first half of the financial year;
· Notes the revised interest rate forecasts for Bank rate and PWLB rates over the short and medium-term, which will drive the Council’s long-term borrowing strategies going forward.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Policy Framework & Budget;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: An Equality Impact Assessment was undertaken with the initial Strategy report that went to Cabinet on 4 February 2020 and Council on 27 February 2020. This is the mid-year update on that report.
Decision Reference: CAB271
Declarations or conflicts of Interest: None.
Forward Plan Reference: RCG21
Other reasons / organisations consulted
A consultation report on the Treasury
Management Strategy for 2020/21 went to CRMG for consideration
prior to its formulation on 3 December 2019.
Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.
Report author: Lorna Soufian
Publication date: 23/12/2020
Date of decision: 22/12/2020
Decided at meeting: 22/12/2020 - Cabinet
Accompanying Documents: