Issue - meetings

Treasury management mid-year monitoring 2019/20

Meeting: 27/01/2020 - Joint Audit and Governance Committee (Item 40)

40 Treasury management mid-year monitoring 2019/20 pdf icon PDF 404 KB

To consider the head of finance’s report. 

Minutes:

The committee considered the interim head of finance’s report, which monitored the councils’ treasury management activities during the first six months of 2019/20.  This showed that both councils had achieved higher treasury management income than anticipated during the period. 

 

The report also set out details of a breach of South Oxfordshire’s treasury management strategy resulting from a contradiction in the counterparty limits.  The report recommended that the 2020/21 strategy was updated to correct this contradiction; the committee agreed. 

 

RESOLVED: to

 

(a)      note the treasury management mid-year monitoring report 2019/20;

 

(b)      advise Cabinet that the committee is satisfied that the treasury management activities have been carried out within the treasury management strategy and policy; and

 

(c)       advise Cabinet that the committee supports the change to the South Oxfordshire treasury management strategy counterparty limits, as identified in paragraphs 21 and 22 of the interim head of finance’s report. 


 

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South Oxfordshire District Council
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