Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The report provides a summary on Treasury
activity for the year in line with the Prudential
Consideration was given to a report of the Chief Finance Officer summarising treasury management activity for 2019/20, highlighting compliance with the Council’s Treasury Management Strategy and with regulatory / legislative requirements. The Council adhered to key prudential indicators and treasury activity contributed a net underspend (excluding Airport activity) of £1.756m on its revised budget for the year.
No alternatives were considered
That the report be noted.
Reason for resolution
The Council is required by regulations issued under the Local Government Act
2003 to produce an annual review of treasury management activities together with the actual prudential and treasury indicators for 2019/20.
Report author: Paul McHugh
Publication date: 05/08/2020
Date of decision: 28/07/2020
Decided at meeting: 28/07/2020 - Cabinet