Meeting documents
Cabinet
Wednesday, 16th November, 2011
SUMMARY
Cabinet considered a report which outlined the treasury management activities of the Council in the last quarter. It highlighted the economic environment in which treasury management decisions had been made and the interest rate forecasts of the Council’s Treasury Advisor, Sector Treasury Services. It also updated Members on the internal treasury team’s performance.
During the second quarter of 2011/12 the internal treasury team achieved a return of 0.98% on the Council’s cash balances outperforming the benchmark by 0.59%. This amounted to additional income of £141,600 during the quarter which was included within the Council’s projected outturn position in the monthly revenue monitor.
Rachel Musson - Cabinet
Recommendations:
Members were asked to accept the position as set out in the report.
Decisions reached:
As per the recommendation above.
Attached items/documents:
- 10 Treasury Management Update Quarter 2 2011 to 2012.pdf
- Estimated download time: 8 mins 30 secs @ 56k | 1.74mb