To consider the Treasury Management Outturn 2020/21 report.
RESOLVED: to approve the 2020/21 Treasury Management Outturn
Councillor Hargreaves presented the Treasury Management Outturn report 2020/21. He said this was a technical document which demonstrated that the Local Authority’s treasury risk management was conducted within the framework of the Chartered Institute of Public Finance and Accountancy’s Treasury Management in the Public Services: Code of Practice(the CIPFA Code). He outlined the Council’s borrowing and investments and said the Council was reviewing its borrowing strategy during the current year and investigating alternative options for long-term borrowing.
In response to a question from Councillor Evans regarding differing rates of interest, the Leader confirmed that this was reflective of the market.
RESOLVED to approve the 2020/21 Treasury Management Outturn