Issue - meetings
Treasury Mid-Year Review 2020-21
Meeting: 11/11/2020 - Mayor and Cabinet (Item 392)
392 Treasury Management Mid-Year Review 2020-21 
PDF 205 KB
Additional documents:
Decision:
Having considered an officer report, and a presentation by the Cabinet
Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor
and Cabinet agreed that:
(1) the Council’s 2020/21 Investment Strategy be changed to exclude the UK
from the minimum sovereign rating requirement of AA-; and
(2) the report be noted, in particular the macroeconomic updates,
performance of investments to date, updates on capital expenditure and
borrowing in line with the Chartered Institute of Public Finance and
Accountancy’s (CIPFA) prudential indicators, and compliance with the
Council’s Treasury Management Strategy.
Minutes:
Having considered an officer report, and a presentation by the Cabinet
Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor
and Cabinet, for the reasons set out in the report and by a roll call vote of 10-
0:
RESOLVED that:
(1) the Council’s 2020/21 Investment Strategy be changed to exclude the UK
from the minimum sovereign rating requirement of AA-; and
(2) the report be noted, in particular the macroeconomic updates,
performance of investments to date, updates on capital expenditure and
borrowing in line with the Chartered Institute of Public Finance and
Accountancy’s (CIPFA) prudential indicators, and compliance with the
Council’s Treasury Management Strategy.