This report provides an update on the activity of the Treasury Management function during the first half of the year for the period 1st April 2020 to 30th September 2020.

Peter Robinson, interim Assistant Director of Finance, submitted a report on the mid-year review of the Treasury Management Strategy.  The report provided an update on the activity of the Treasury Management function during the first half of the year for the period 1 April 2020 to 30 September 2020.  The report stated that the Council had not taken out any new external long-term borrowing during 2020/21 as at 30 September 2020 and had complied fully with its Treasury Management Strategy Statement (TMSS) as agreed by Council on 25 February 2020.  The report had appended the Economics Update and Investment Criteria & Limits for the Committee’s information.

Resolved:     That the Treasury Management Mid-Year report for 2020/21 be noted.