Agenda item

Treasury Management - Annual Report 2021-2022 and Activity Monitoring Quarter One 2022-2023

[To approve the Treasury Management - Annual Report 2021-2022 and Activity Monitoring Quarter One 2022-2023]

Decision:

1.    That it be noted, the Council operated within the overall approved Prudential and Treasury Management Indicators, and also with the requirements set out in the Council’s Treasury Management Policy Statement during 2021-2022.

2.    That it be noted, revenue underspends of £1.0 million for the General Fund and £738,000 for the Housing Revenue Account (HRA) were generated from treasury management activities in 2021-2022.

3.    That it be noted, the General Fund and HRA treasury management activities for 2022-2023 were currently forecast to be within budget. This would continue to be monitored, and updates would be provided in future reports.

Minutes:

The Cabinet Member for Resources and Digital City, Councillor Obaida Ahmed, presented a report on Treasury Management - Annual Report 2021-2022 and Activity Monitoring Quarter One 2022-2023.

 

The report sets out the results of treasury management activities carried out in 2021- 2022, together with performance against the Prudential Indicators previously approved by Council. It also provides a monitoring and progress report on treasury management activity for the first quarter of 2022-2023, in line with the Prudential Indicators approved by Council in March 2022.

 

The Cabinet Member for Resources and Digital City, Councillor Obaida Ahmed proposed the recommendations and the Leader of the Council, Councillor Ian Brookfield seconded the recommendations.

 

The report was debated by Council. Councillor Obaida Ahmed replied to the debate.

 

Resolved:

 

  1. That it be noted, the Council operated within the overall approved Prudential and Treasury Management Indicators, and also with the requirements set out in the Council’s Treasury Management Policy Statement during 2021-2022.
  2. That it be noted, revenue underspends of £1.0 million for the General Fund and £738,000 for the Housing Revenue Account (HRA) were generated from treasury management activities in 2021-2022.
  3. That it be noted, the General Fund and HRA treasury management activities for 2022-2023 were currently forecast to be within budget. This would continue to be monitored, and updates would be provided in future reports.

Supporting documents: