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ITEM EX5 - ANNEX 6

EXECUTIVE – 4 SEPTEMBER 2002

REVIEW OF THE COUNCIL’S TREASURY MANAGEMENT ACTIVITY IN 2001/02

Average interest rate on new borrowing for English County Councils for the five years 1997 to 2001

 

Oxfordshire

All English County Councils

Financial Year

Average Rate

Average

Average Rate

Average

ended 31 March

%

maturity Period

%

maturity Period

1997

6.90

4.49 years

7.44

15.12 years

1998

6.33

16.69 years

6.82

23.05 years

1999

4.85

25.32 years

5.14

27.91 years

2000

4.91

19.47 years

4.65

30.07 years

2001

4.81

17.42 years

4.81

21.16 years

 

 

 

 

 

Average interest rate on total external debt

 

 

Financial Year

Oxfordshire

All English County Councils

 

 

ended 31 March

Average Rate

Average Rate

 

 

 

%

%

 

 

1997

8.39

8.46

 

 

1998

8.08

8.24

 

 

1999

7.79

7.94

 

 

2000

7.35

7.53

 

 

2001

6.86

7.07

 

 

 

 

 

 

 

Average rate of interest on external investments

 

 

Financial Year

Oxfordshire

All English County Councils

 

 

ended 31 March

Average Rate

Average Rate

 

 

 

%

%

 

 

1997

5.89

6.01

 

 

1998

6.82

6.97

 

 

1999

6.68

7.10

 

 

2000

5.30

5.45

 

 

2001

5.94

6.17

 

 

 

 

 

 

 

Debt Management Costs per £m 2000/01

 

 

 

Oxon CC

All Member Average

 

 

 

£

£

 

 

Staff

68

118

 

 

Fund Managers

0

5

 

 

Other bought-in

7

96

 

 

Other costs

34

94

 

 

Total

109

313

 

 

 

 

 

 

 

In-House Investment Management Costs per £m 2000/01

 

 

 

Oxon CC

All Member Average

 

 

 

£

£

 

 

Staff

273

558

 

 

Other bought-in

58

144

 

 

Other costs

117

263

 

 

Total

448

965

 

 

 

 

 

 

 

External Investment Management Costs per £m 2000/01

 

 

 

Oxon CC

Average

 

 

 

£

£

 

 

Fund Managers

Nil

1480

 

 

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