Issue - meetings

Item CB 21/79 referred from Cabinet of 12 October 2021

Item CB 21/79 referred from Cabinet of 12 October.

RESOLVED: That the recommendation at Minute CB 21/79 be approved.

The report of the Director of Finance and Transformation summarises the recommendations of the Audit Committee meetings held on 26 July (AU 21/31) and 27 September (AU 21/43).

The Director of Finance and Transformation advised that details of treasury management activity undertaken during the period April to August of the current financial year plus the outturn for 2020/21 had been considered by the Audit Committee at meetings held on 26 July and 27 September 2021 (Minute number AU 21/31 and AU 21/43 refers).  The report invited Cabinet to recommend that Council note the outturn position for 2020/21, endorse the actions taken by officers in respect of treasury management activity and retain the current risk parameters.

RECOMMENDED:  That Council

(1)         note the £3m being applied to investment asset (diversified income) funds;

(2)         note the 2020/21 outturn position;

(3)         endorse the action taken by officers in respect of treasury management activity for the period April to August 2021; and

(4)         retain the existing parameters intended to limit the Council’s exposure to investment risks.

*Referred to Council