Issue - meetings

A report from the Executive Director Resources is attached. (Key decision – reference number 5328)

Councillor Mary Maguire (Cabinet Member for Finance & Procurement) introduced the report of the Executive Director Resources detailing the activities of the Council’s Treasury Management function during the 2020/21 financial year.

NOTED

1.    The key points in paragraph 1 of the report set out outstanding borrowing, capital financing requirement, and interest paid and earned.

2.    Loans held by the Council were detailed.

3.    The strategy of debt maturity to spread the risk of high interest rates, and differing types of loans, was clarified.

Alternative Options Considered: 

1.  The CIPFA TM code require that the Council establishes arrangements for monitoring its investments and borrowing activities hence the performance and activities of the Council’s treasury operations is being reported to this Committee on a regular basis.

2.  This report is required to comply with the Council’s Treasury Management Policy statement, agreed by Council.

DECISION:  The Cabinet agreed to

1.  Note and comment on the contents of the report.

2.  Forward the Treasury Management Outturn report on to Council.

Reason: 

To inform Council on the Treasury Management performance for the financial year 2020/21.

(Key decision – reference number 5328)