Decision details

Mr Sarfas, Principal Accountant in the Investments and Borrowing Team, and Andrew Boutflower, Deputy Investment and Borrowing Manager, from Hampshire County Council were present at the virtual meeting and introduced the Report.

In answer the Members’ questions, the officers gave explanations on the following:

·         The operation of the Public Works Loan Board and the opportunities for local authorities to raise finance through local authority bonds.

• The monitoring of pooled funds, such as property funds, and issues that might arise regarding their possible redemption.

It was noted that there would be a further update on Treasury Management in the autumn of 2020.

RESOLVED:

1.            That the Annual Treasury Outturn Report 2019/20 be noted.

2.              That it be noted that on 16 June 2020, the total money market funds limit of 50% was passively breached and note the mitigating actions agreed to prevent this occurring again in paragraphs 22.6 to 22.8.

The meeting commenced at 6.00 pm and concluded at 7.35pm

Chairperson