Decision details

Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2019/20

Decision Maker: Council Meeting

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


This report provides Cabinet with a mid-year review of the Council’s Treasury Management Strategy Statement (TMSS) and Annual Investment Strategy (AIS) for 2019/20, approved by Council on 21 February 2019, and has been prepared in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice for Treasury Management in the Public Services.


The Council meeting has:-


(1) Noted the report and the treasury activity in the first half of the financial year.


(2) Noted the revised interest rate forecasts for PWLB rates over the short and medium term, which will drive the Council’s long-term borrowing strategies going forward.

Alternative options considered:


Interests and Nature of Interests Declared:


Reason Key: Policy Framework & Budget;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: Equality Impact Assessment was included in the initial Treasury Management Strategy Report that went to Council in Feb 2019

Decision Reference: CM206

Declarations or conflicts of Interest: None.

Forward Plan Reference: LDR84 / RCG7

Other reasons / organisations consulted

CRMG were consulted on the Treasury Management Strategy for 2019/20 at their meeting on 4 December 2018

Contact: Lorna Soufian, Corporate and Support Services Email: Tel: 0161 474 4026.

Report author: Lorna Soufian

Publication date: 20/01/2020

Date of decision: 16/01/2020

Decided at meeting: 16/01/2020 - Council Meeting

Accompanying Documents: