Issue - meetings

(a)       That the draft Treasury Management Annual Report 2020/21 be noted, with no matters to be drawn to the attention of Cabinet in September; and

(b)       That the Treasury Management 2021/22 first quarter update be noted.

The Strategic Finance Manager presented the draft Treasury Management Annual Report 2020/21 for review and recommendation to Cabinet.  The Quarter 1 update on matters relating to the Treasury Management Policy, Strategy and Practices 2021/22 was also shared for information, along with the reporting cycle.

An overview was provided of key sections of the Annual Report including the impact of continued low interest rates.  The first quarterly update for 2021/22 provided an update on investments and borrowing activity as detailed in the report.  No breaches of the Treasury Management Strategy were reported.  In line with annual arrangements, all Members would be invited to a Treasury Management training session in December prior to approving the Strategy for 2021/22.

In response to questions from Allan Rainford, clarification was given on the approval of loans to NEW Homes in 2018 and assurance given of engagement with the Treasury Management advisors prior to taking out any new loans.

The recommendations were moved by Allan Rainford and seconded by Councillor Martin White.

RESOLVED:

(a)       That the draft Treasury Management Annual Report 2020/21 be noted, with no matters to be drawn to the attention of Cabinet in September; and

(b)       That the Treasury Management 2021/22 first quarter update be noted.