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.
November 2007 |