Issue - meetings
Treasury Management Mid-Year Report 2020-2021
Meeting: 22/02/2021 - Council (Item 11)
11 Treasury Management Mid-Year Report 2020-2021 PDF 231 KB
This report provides an update on treasury management activities for the first half of the financial year 2020-21.
Members are asked to note that the report was noted by Cabinet on 7 December 2020 and has been referred on to Council for consideration in compliance with CIPFAs Code of Practice on Treasury Management.
Additional documents:
- 08a. Appendix 1 - Treasury Management Indicators, item 11 PDF 205 KB
- Webcast for Treasury Management Mid-Year Report 2020-2021
Decision:
Council RESOLVED to note the 2020-21 Mid-Year Treasury report in compliance with CIPFA’s Code of Practice on Treasury Management (the Code).
Minutes:
The Mayor then invited Councillor McLennan, Deputy Leader and Lead Member for Resources, to introduce the report from the Director of Finance updating members on Treasury Management activity for the first half of the 2020/21 financial year. Members noted that the report had also been considered and agreed by the Audit and Standards Advisory Committee on 8 December and Cabinet on 7 December 2020 who had agreed to refer it on to Council for consideration in compliance with the CIPFA Code of Practice on Treasury Management.
As part of her introduction, Councillor McLennan drew members’ attention to the policy announcement which had been included within the Chancellor’s recent Budget statement regarding changes to the Housing Revenue Account borrowing rates. Members were advised this supported the overall approach outlined within the report in terms of the Council seeking to take advantage of lower cost borrowing solutions as part of its strategy in relation to Treasury and Debt management.
As no other members indicated they wished to speak, the Mayor then put the recommendations in the report to the vote and they were unanimously declared CARRIED.
It was therefore RESOLVED to note the 2020-21 Mid-Year Treasury report in compliance with CIPFA’s Code of Practice on Treasury Management (the Code).