Treasury management

Treasury Management is defined as:

“The management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks."

Tamworth Borough Council currently has external debts of £65.1 million attributable to its housing stock of approximately 4,500 properties.

  • Our investment portfolio as at 31 March 2013 totalled £20.3m and averaged £24.5m in this year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.
  • In the 2012/13 financial year approximately £5 million was spent on capital projects. Approximately £7.5 million has been allocated for capital spending during 2013/14.
  • The Council has adopted the CIPFA code of practice for Treasury Management and seeks to identify, manage and control Treasury risks as a prime priority, the optimising of returns is seen as secondary, but still important.

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