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Matter for
Decision
The Council was required by
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 each financial year.
This report met 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
Code) in respect of 2018/19. Both these publications have been revised by CIPFA
and references to these documents are to the 2017 Editions.
During the 2019/20 the
minimum requirements were that Council should receive:
- An annual strategy in
advance of the year
- A mid-year treasury
update report and;
- An annual review
following the end of the year describing the activity compared to the strategy.
In line with the Code of
Practice on Treasury Management all treasury management reports have been
presented to Strategy and Resources Scrutiny Committee and to Full Council.
Decision
of Executive Councillor for Finance and Resources to
recommend to Council to:
i.
Approve
the report with the Council’s actual Prudential and Treasury Indicators for
2019/20
Reason for the Decision
As set out in the Officer’s report.
Any Alternative Options Considered and Rejected
Not applicable.
Scrutiny Considerations
The Committee received a report from the Head of Finance.
The Committee unanimously resolved to endorse the recommendation.
The Executive Councillor approved the recommendation.
Conflicts of Interest Declared by the Executive Councillor
(and any Dispensations Granted)
No conflicts of interest
were declared by the Executive Councillor.