Decision details

Cabinet was provided with details of Treasury Management activities during the last financial year 2020-21 and shown the Council’s compliance with the prudential indicators set by Council at its meeting of 5 February 2020, in accordance with the Chartered Institute of Public Finance and Accountancy’s Treasury Management in the Public Services: Code of Practice and Cross-Sectorial Guidance Notes 2017 (the CIPFA Code).

The Council had borrowed and invested substantial sums of money and was exposed to financial risks.  The successful identification, monitoring and control of risk remained central to the Council’s Treasury Management Strategy.  Treasury risk management was conducted within the framework of the CIPFA Code, requiring the Council to approve a treasury management strategy before the start of each financial year and a semi-annual and annual treasury outturn report .

RESOLVED – to note the report on Treasury Management activities during the 2020-21 and the Council’s compliance with the prudential indicators set by Council at its meeting of 5 February 2020, in accordance with the Treasury Management in the Public Services: Code of Practice and Cross-Sectorial Guidance Notes 2017.