Issue - meetings

2018 - 2019 Annual Treasury Management Report

Meeting: 12/07/2019 - Overview and Scrutiny Committee (Item 10)

10 2018 - 2019 Annual Treasury Management Report pdf icon PDF 220 KB

To consider the Treasury Management Annual Report 2018/19 and the 2019/20 Strategy Update.

Additional documents:


The Treasury Management Annual Report 2018/19 was presented by the Finance and Resources Portfolio Holder. He informed the Committee that the level of external debt had not changed during 2018/19 and that despite the strong cash position of the Council, the current premium level of 93% meant that it was not recommended to make a further repayment of debt. Furthermore, he highlighted the significant fluctuation in the Council’s cash flow and attributed it partly to the timing of collection of both Council Tax and Non-Domestic Rates. The Portfolio Holder emphasised the need for a dynamic management of the investment portfolio which would ensure that the strong financial position of the Council benefits the residents of South Lakeland. He concluded his report by highlighting that SLDC’s investments had out-performed benchmark rates and that the increase in interest rates earlier in the year meant that earnings from interest had been higher than expected.


RESOLVED – That Council be recommended to approve the 2018/19 Treasury Management Annual Report.