Issue - meetings

Treasury Management Outturn

 

 

Meeting: 13/07/2021 - Cabinet (Item 13)

13 Treasury Management Outturn Annual Report 2020/21 pdf icon PDF 759 KB

Additional documents:

Minutes:

Background:

 

This report provided an overview of treasury management activity during 2020/21.

 

The report stated that overall, the Interest and Financing budget made a surplus over its targeted budget of £4,640,000. The underspend on the minimum revenue provision (MRP) followed a report by Link Asset Services which concluded that provision in previous years had been too high so just £1 had been charged as MRP in 2020/21 to redress the balance.

 

The report would also be considered by the Audit Committee on 28 July 2021.

 

Decision number:

Decision:

 

The Cabinet noted the treasury management outturn annual report.

 

Reasons:

 

Section 7.1 (e) of the Council’s Financial Rules state that the Chief Finance Officer shall report to Cabinet and the Audit Committee not later than September on treasury management activities in the previous year.