Issue - meetings

To consider a report of the Director of Corporate Operations providing an update on the performance of the treasury management function.

Members considered a report of the Director of Corporate Operations, which provided an update on the performance of the treasury management function. 

It was heard that monthly savings were still being made as a result of Hampshire County Council’s pre-payment of employer pension contributions in April 2020 and the option to make pre-payments of pension contributions would commence again from April 2023.

It was further noted that returns had improved for liquid investments, however most investment income continued to be realised from pooled funds, with pooled property and equity funds recovering well post-covid.

In response to Members questions it was heard that Hampshire County Council were benchmarking favourably in comparison with other similar sized councils.

RESOLVED:

That the Audit Committee noted the following recommendation would be reported to Cabinet:

·         That the mid-year review of treasury management activities be noted.