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.