Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
The Council is required through regulations
issued under the Local Government Act 2003 to produce an annual
treasury report reviewing treasury management activities and the
actual prudential and treasury indicators for 2019/20. This report
meets the requirements of both the CIPFA Code of Practice on
Treasury Management (the Code) and the CIPFA Prudential Code for
Capital Finance in Local Authorities (the Prudential
The Cabinet considered the Annual Report on the functioning of the Council’s Treasury Management functions for 2019/20 and recommended to the Council Meeting that it:-
· Approve the actual 2019/20 prudential and treasury indicators in this report;
· Note the annual treasury management report for 2019/20; and
· Note that changes have been made to the Council’s Treasury Management Policy Statement and Practices during 2019/20 to accommodate the requirements of the revised CIPFA Codes published in December 2017.
Reason Key: Policy Framework & Budget;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: This report is an outturn report for the 2019/20 financial year. An Equality Impact Assessment was undertaken as part of the initial Treasury Management Strategy, Annual Investment Strategy & MRP Policy for 2019/20 that went to the Cabinet meeting on 5 February 2019 and Council on 21 February 2019.
Decision Reference: CAB233
Declarations or conflicts of Interest: None.
Forward Plan Reference: RCG15
Other reasons / organisations consulted
A consultation report on the Treasury Management Strategy for 2019/20 went to the Corporate, Resource Management & Governance Scrutiny Committee in December 2019.
Contact: Lorna Soufian, Corporate and Support Services Email: email@example.com Tel: 0161 474 4026.
Report author: Lorna Soufian
Publication date: 29/07/2020
Date of decision: 28/07/2020
Decided at meeting: 28/07/2020 - Cabinet
Effective from: 05/08/2020