Treasury management in-year review 2014-15

Reference code: 
DMPCD 2014 153
Date signed: 
19 December 2014
Authorisation name: 
Stephen Greenhalgh (past staff), Deputy Mayor for Policing and Crime

Executive summary

This paper requests the DMPC note the activity of the Treasury Management function for the first 6 months of the 2014-15 financial year.
In summary, investment and borrowing activity has been based on the guidelines and objectives set by the DMPC in the Treasury Management strategy approved on 1 May 2014. Interest income for the first half year is £0.86m, and is ahead of the annual budget of £0.8m. Debt management costs for the period are £3.95m, and are expected to be £7.8m against the full year budget of £9m.
All indicator limits were adhered to during this period.

Recommendation

DMPC is asked to note activity and performance to date on the Treasury Management function.

Non-confidential facts and advice to the Deputy Mayor for Policing and Crime (DMPC)

See PDF below for details.