Issue - meetings

Treasury Management Year-End Report 2019/20

Meeting: 04/08/2020 - Corporate Overview and Scrutiny Committee (Item 8)

8 Treasury Management Year-End Report 2019/20 pdf icon PDF 176 KB

Report of the Chief Finance Officer

Minutes:

The Committee scrutinised a report of the Chief Finance Officer that summarised the Council’s treasury management activity in the 2019/20 financial year and which also highlighted compliance with the Council’s Treasury Management Strategy and with regulatory/legislative requirements. The report found that the Council had adhered to key prudential indicators during the year and that treasury activity had contributed a net underspend (excluding Airport activity) of £1,756M on its revised budget for the year. 

 

The Committee was advised that the Council was required by regulations issued under the Local Government Act 2003 to produce an annual review of its treasury management activities together with the actual prudential and treasury indicators for the previous year. In considering the report, the Committee noted that the report had been considered by the Council’s Cabinet at its meeting on 28th July 2020.

 

Resolved:
That the report be noted.


Meeting: 28/07/2020 - Cabinet (Item 23)

23 Treasury Management Year-End Report 2019/20 pdf icon PDF 176 KB

Report of the Chief Finance Officer

Minutes:

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.

 

Alternatives considered

No alternatives were considered

 

Resolved

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.