Agenda item

Treasury Management Update as at 31 March 2021

Report of the Chamberlain


The Board received a report of the Chamberlain providing a summary of the City of London Corporation’s treasury management portfolio (investments) as at 31 March 2021. The report included an update on the current asset allocation of the short-term investment portfolio and its performance, the latest cash flow forecast, and a monthly investment review report produced by the Corporation’s treasury management consultants. The Chamberlain introduced the report and gave the Board further detail on the key features of the report, including the medium-term cash flow forecast which had been added following a request from Members.


In response to a question from a Member, the Chamberlain advised that the cash flow forecast showed expected cash balances at the end of each year, when cash balances were usually at their lowest, for a six-year period. In addition to this, a more detailed, operational cash flow was maintained and updated daily by officers as part of the treasury management function. A Member suggested that the key assumptions on which the forecast was based be summarised into bullet points for inclusion alongside the table.


The Chamberlain advised that any suggestions regarding the data format were welcome and would be explored with the aim of building towards a useful dashboard on cash flow.


RESOLVED – That the report be noted.




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