The Treasury Management Club focuses on a summary of the previous years treasury management activity for both borrowing and investment, looking at average balances, types of investment and borrowing and interest paid and received. A detailed analysis of investments by type of investments is also carried out.

Market rates vary significantly during the year, as can the funds available for investment. The comparisons therefore need to be made monthly, and on a very precise basis, measuring each month’s return on the average daily funds invested during that month. For this purpose we provide an investments spreadsheet that members use to calculate their monthly balances and returns on a consistent basis.

Separate comparisons are provided for fixed rate deposits <365days, callable deposits, call accounts, money market funds, investments >365days and externally managed funds. There is a similar comparison of the cost of temporary borrowing.

In previous years a supplementary questionnaire has been distributed in October covering performance during the first 6 months of the current year. We are currently consulting with members about reducing the extent of the previous year’s analysis and introducing a quarterly review of the current year’s performance.