Agenda item

Report of the Strategic Director of Finance and Customer Services

Recommendations:

1.    That the Treasury Management Prudential Indicators outturn position as set out in section 3 and Appendices A and B of the Annual Treasury Management Report for 2019/20 be noted.

2.    That the report be forwarded to Audit Committee for information.

Consideration was given to the Annual Treasury Management report, which was submitted to review the treasury activity for 2019/20 against the strategy agreed at the start of the year. The report also covered the actual Prudential Indicators for 2019/20 in accordance with the requirements of the Prudential Code. 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.

Furthermore, the Council received an Annual Treasury Strategy report in advance of the 2019/20 financial year at its meeting on 27th February, 2019, and Audit Committee received a mid-year report at its meeting on 26th November, 2019, representing a mid-year review of treasury activity during 2019/20.

Resolved:-

1.    That the Treasury Management Prudential Indicators outturn position as set out in section 3 and Appendices A and B of the Annual Treasury Management Report for 2019/20 be noted.

2.    That the report be forwarded to Audit Committee for information.