Decision details

The Council considered a report in respect of the Annual Treasury Management Review 2020/21, including the Prudential Code.  It was noted that the report had been endorsed by both the Audit Committee and the Executive.

It was moved by Councillor Mrs Joan Lloyd, and seconded by Councillor Sharon Taylor, that Recommendations 2.3 and 2.4 in the report be approved.

In reply to a Member question regarding the status of Aberdeen MMF, one of the money market funds invested in by the Council during the year, the Strategic Director (CF) undertook to investigate and supply an e-mail response to the Member.

Upon the motion being put to the vote, it was

RESOLVED:

1.          That the 2020/21 Annual Treasury Management Review be approved.

2.          That the wording in Appendix C, Table 1 of the report (Specified Investments Criteria) be amended as set out in Paragraph 4.2.6.5 of the report, in order to allow the use of Enhanced Cash Funds included in Table 3 (Treasury Limits).