Issue - meetings

[To approve the treasury management annual report 2020-2021 and activity monitoring quarter one 2021-2022]

1.    That it be noted, the Council operated within the overall approved Prudential and Treasury Management Indicators, and also within the requirements set out in the Council’s approved Treasury Management Policy Statement during 2020-2021, however due to the reprofiling of some capital programmes the operational boundary for commercial activities was slightly in excess of the best estimate included in the Treasury Management Strategy presented to Council on 3 March 2021.

2.    That it be noted, a revenue underspend of £2.3 million for the General Revenue Account and £805,000 for the Housing Revenue Account (HRA) were generated from treasury management activities in 2020-2021.

3.    That it be noted, the revenue underspend of £1.4 million for the General Revenue Account and £11,000 for the HRA were forecast from treasury management activities in 2021-2022 be noted.

The Leader of the Council, Councillor Ian Brookfield presented the report: Treasury Management - Annual Report 2020-2021 and Activity Monitoring Quarter One 2021-2022 for approval. The report provided Council with the results of treasury management activities carried out in 2020- 2021, together with performance against the Prudential Indicators previously approved by Council. It also provided a monitoring and progress report on treasury management activity for the first quarter of 2021-2022, in line with the Prudential Indicators approved by Council in March 2021.

The Leader of the Council, Councillor Ian Brookfield, proposed the recommendations and Councillor Stephen Simkins seconded the recommendations.

The report was debated by Council.

Resolved:

1.    That it be noted, the Council operated within the overall approved Prudential and Treasury Management Indicators, and also within the requirements set out in the Council’s approved Treasury Management Policy Statement during 2020-2021, however due to the reprofiling of some capital programmes the operational boundary for commercial activities was slightly in excess of the best estimate included in the Treasury Management Strategy presented to Council on 3 March 2021.

2.    That it be noted, a revenue underspend of £2.3 million for the General Revenue Account and £805,000 for the Housing Revenue Account (HRA) were generated from treasury management activities in 2020-2021.

3.    That it be noted, the revenue underspend of £1.4 million for the General Revenue Account and £11,000 for the HRA were forecast from treasury management activities in 2021-2022 be noted.