Decision details

The Executive considered a report which provided an update on Treasury Management activities in 2018/19 and which reviewed the effectiveness of the 2018/19 Treasury Management and Investment Strategy, including the 2018/19 prudential and treasury indicators.

The Executive noted that the figure for “Total Borrowing” in the second column of the table at Paragraph 4.5.4 of the report should be £227,595.

The Leader advised that Hertfordshire Living were developing projects across the county aimed at working with Housing Associations.  She hoped that this would include working with Local Authorities like SBC that still retained their own housing stock in order to support management issues.  There may also be the possibility for some investment of the Council’s 1 for 1 Capital receipts.

It was RESOLVED:

1.         That Council be recommended to approve the 2018/19 Treasury Management Mid-Year review.

2.         That Council be recommended to approve the latest list of approved Countries for investments, as set out in Appendix D to the report.

3.         That Council be recommended to empower officers to undertake treasury management functions on behalf of Council wholly owned companies and/or Council Limited Liability Partnership (LLP), subject to authorisation from the Board of Directors (see Paragraph 4.5.12 of the report).

Reason for Decision: As contained in report.

Other Options considered: As contained in report.