Agenda item

Treasury Management Annual Report 2018/19 and June Quarter Monitoring 2019/20

Report of the Interim Section 151 Officer attached.


The Principal Financial Accountant presented a report of the Interim Section 151 Officer outlining the financing of the Council capital programme, borrowing need, treasury position and investment performance.  The report also included investment strategy monitoring as at 30 June 2019.  There were no concerns or issued identified and the investment returns were better than had been anticipated.

An explanation was provided as to why there was such a variance in the capital expenditure estimate against actual in table 1 of the report, which was not felt to be unusual in local government.  However, there would be a piece of work looking at how forecasting of the capital programme could be improved and better presented to assist Members in their decision-making and monitoring role.  This would also include looking at how the capital programme was developed.

RESOLVED (Unanimously):

That the report be noted.

Supporting documents: