Issue - meetings

Item from Cabinet minutes of 11 February 2021 – to follow

Due to the timescale and print deadline, the recommendations arising from the meeting of Cabinet will be circulated to Members in advance of the meeting of Council.

Item CB 21/23 referred from Cabinet minutes of 11 February 2021

RESOLVED:  The recommendations at Minute CB 21/23 be approved.

The report provides details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2021/22 Treasury Management and Annual Investment Strategy.  Members are invited to recommend adoption of the Strategy to Council.

The report of the Director of Finance and Transformation provided details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2021/22 Treasury Management and Annual Investment Strategy.    Members were invited to recommend adoption of the Strategy by the Council.

It was noted that the Audit Committee at is meeting of 18 January 2021 had reviewed and endorsed the matters covered by the report.

RECOMMENDED:  That

(1)             the treasury management position as at 31 December 2020 and the reduced level of income incorporated into the 2020/21 revised estimates be noted;

(2)             the Treasury Management and Annual Investment Strategy for 2021/22, set out at Annex 5, be adopted; and

(3)             the practice note, set out at Annex 6, to be applied to the assessment and management of a non-treasury investment be endorsed.

*Referred to Council

The report provides details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2021/22 Treasury Management and Annual Investment Strategy.  Members are invited to recommend adoption of the Strategy.

The report of the Director of Finance and Transformation provided details of investments undertaken and return achieved in the first nine months of the current financial year and introduced the Treasury Management and Annual Investment Strategy 2021/22. 

In addition, the report made reference to non-treasury management practices and the required procedures to ensure compliance with the Treasury Management and Prudential Codes of Practice and Statutory Guidance on Local Government Investments.   A ‘practice note’ which was to be applied to any assessment of a non-treasury investment and its subsequent management was attached as Annex 6.

RECOMMENDED:  That

(1)             the treasury management position as at 31 December 2020 and the reduced level of income incorporated in the 2020/21 revised estimates be noted;

(2)             the Treasury Management and Annual Investment Strategy 2021/22 (set out at Annex 5 to the report) be adopted; and

(3)             the practice note (set out at Annex 6 to the report) to be applied to the assessment and management of a non-treasury investment be endorsed.

*Referred to Cabinet