Issue - meetings

This report sets out the proposed strategy for treasury management for 2021/22 including Treasury Management Indicators. The report also provides an update on the council’s treasury management activities that have taken place during 2020/21 against the agreed strategy for the year.

The report set out the proposed strategy for treasury management for 2021/22 including Treasury Management Indicators. The report also provided an update on the council’s treasury management activities that have taken place during 2020/21 against the agreed strategy for the year.

The Finance and Performance Scrutiny Sub-Committee had also considered this report at their meeting on 12 January 2021. The minutes of their meeting had been circulated to the Cabinet Members prior to the meeting.

A Cabinet Member requested that a Climate element be added to the report in future years.

Proposed by Councillor Monk,

Seconded by Councillor Godfrey; and

RESOLVED:

1.     That report C/20/64 be received and noted.

2.     That the strategy for treasury management in 2021/22 set out in the report be adopted.

3.     That the Treasury Management Indicators for 2021/22 set out in the report be approved.

(Voting figures: 9 for, 0 against, 0 abstentions).

REASONS FOR DECISION:

Cabinet is asked to agree the recommendations because:-

a)    The Council must have regard to CIPFA’s Code of Practice for Treasury Management in the Public Services when carrying out its duties under Part 1 of the Local Government Act 2003, including approving an annual Treasury Management Strategy Statement in advance of the financial year.

b)    The Council’s Financial Procedure Rules require an annual plan and strategy for treasury management to be approved in advance of the financial year.

c)    Both the CIPFA Code of Practice on Treasury Management and the Council’s Financial Procedure Rules require Members to receive a report on the Council’s treasury management activities during the year.