Cabinet considered the head of finance’s report on the treasury management activities in 2020/21.
The Cabinet member for finance reported that the Joint Audit and Governance Committee was content with the report and was satisfied that the treasury activities had been carried out in accordance with the treasury management strategy and policy. The Cabinet member concurred. During the year, the council’s performance had exceeded most benchmarks and almost achieved its budget target in what was a difficult year during the Covid-19 pandemic. Cabinet agreed and thanked officers for their work.
RECOMMENDED to Council to:
(a) approve the treasury management outturn report for 2020/21; and
(b) approve the actual 2020/21 prudential indicators within the report.