To consider the Treasury Management Outturn 2019/20 report.
RESOLVED to approve the 2019/20 Treasury Management Outturn attached as Appendix A.
Councillor Hargreaves summarised the report outlining the Treasury Management Outturn position for 2019-2020. The report detailed the management of the local authority’s investments and cash flows, its transactions and the effective control of the risks associated with those activities.
In response to a question from Councillor Evans, Councillor Hargreaves said it depended on the time of year in regard to whether the Council was a net borrower or lender.
The Assistant Director – Resources agreed and said there were peaks and troughs in terms of borrowing and lending throughout the year. She said this would be represented graphically in future reports, as well as a comparison with similar authorities.
RESOLVED to approve the 2019/20 Treasury Management Outturn attached as Appendix A