Considered – Report of the Cabinet Executive, presented by Cllr. Maggie Wright, Deputy Leader and Finance, People & Performance Portfolio Holder.

DECISIONS

1.    That the treasury management activities for 2021/22 be approved.

2.    That the prudential and treasury indicators for 2021/22 be approved.

Reasons:

1.    The regulatory framework governing treasury management activities includes a requirement that the Council should produce an annual review of treasury activities undertaken in the preceding financial year. It must also report the performance against the approved prudential indicators for the year.

2.    This report fulfils the requirement above and incorporates the needs of the Prudential Code to ensure adequate monitoring of capital expenditure plans and the Council’s prudential indicators. The treasury strategy and prudential indicators for 2021/22 were contained in the report approved by Council on 18th February 2021.