ModernGov

Issue - meetings

Treasury Management Annual Report 2020/21

Meeting: 22/09/2021 - Cabinet (Item 28)

28 Treasury Management Annual Report 2020/21

This report reviews the Council’s treasury management activities for 2020/21, including the actual treasury management indicators. The report meets the requirements of both the CIPFA Code of Practice on Treasury Management and the CIPFA Prudential Code for Capital Finance in Local Authorities. The Council is required to comply with both Codes through Regulations issued under the Local Government Act 2003.

Supporting documents:

Minutes:

The report reviewed the Council’s treasury management activities for 2020/21, including the actual treasury management indicators. The report meets the requirements of both the CIPFA Code of Practice on Treasury Management and the CIPFA Prudential Code for Capital Finance in Local Authorities. The Council is required to comply with both Codes through Regulations issued under the Local Government Act 2003.

 

Proposed by Councillor Monk,

Seconded by Councillor Mrs Hollingsbee and;

 

RESOLVED:

 

That report C/21/27 be received and noted.

 

(Voting figures: 7 for, 0 against, 0 abstentions).

 

REASONS FOR DECISION:

Cabinet is asked to agree the recommendations because both CIPFA’s Code of Practice on Treasury Management in the Public Services and their Prudential Code for Capital Finance in Local Authorities, together with the Council’s Financial Procedure Rules, require that an annual report on treasury management is received by the Council after the close of the financial year.