Agenda item

Treasury Management Outturn 2020/21

Report from the Strategic Director for Finance and Customer Services




1.    To note the Treasury Management Prudential Indicators outturn position as set out in section 3 and Appendix 1.


2.    To agree that the report is forwarded to Audit Committee for information.



Consideration was given to the Annual Treasury Management report, which was submitted to review the treasury activity for 2020/21 against the strategy agreed at the start of the year. The report also covered the actual Prudential Indicators for 20/21 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 2020/21 financial year at its meeting on 26th February, 2020, and the Audit Committee received a mid-year report at its meeting on 19th January, 2021, representing a mid-year review of treasury activity during 2020/21.


The Council’s treasury management functions had been operating within unprecedented times of uncertainty due to the exit from the EU and the financial pressures and overall effect of COVID-19. It was expected that the impacts were due to last for several years. However, the Council had been able to manage cashflow levels for the majority of the financial year without significant difficulty.




(1)  That the Treasury Management Prudential Indicators outturn position as set out in Section 3 and Appendix 1 be noted; and


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

Supporting documents: