Issue - meetings

Treasury Management 2020/21 Outturn

 

 

Meeting: 14/09/2021 - County Council (Item 55)

55 Treasury Management 2020/21 Outturn pdf icon PDF 732 KB

Report by Director of Finance (CC10).

 

The report sets out the Treasury Management performance in the financial year 2020/21 in compliance with the CIPFA Code of Practice.  The report includes Debt and Investment activity, Prudential Indicator Outturn, Investment Strategy, and interest receivable and payable for the financial year.

 

Council is RECOMMENDED to note the Council’s Treasury Management Activity in 2020/21.

 

Decision:

Noted.

Minutes:

Council had before it a report which set out the Treasury Management performance in the financial year 2020/21 in compliance with the CIPFA Code of Practice.  The report included Debt and Investment activity, Prudential Indicator Outturn, Investment Strategy, and interest receivable and payable for the financial year.

 

Councillor Miller moved and Councillor Pressel that the report be noted.  In moving the report the Cabinet Member for Finance, Councillor Miller thanked the Treasury Management Team for their work. 

 

RESOLVED: (nem con) to note the Council’s Treasury Management Activity in 2020/21.

Meeting: 22/06/2021 - Cabinet (Item 53)

53 Treasury Management 2020/21 Outturn pdf icon PDF 735 KB

Cabinet Member: Finance

Forward Plan Ref: 2021/021

Contact: Tim Chapple, Treasury Manager Tel 07917 262935

 

Report by Director of Finance (CA9).

 

The report sets out the Treasury Management performance in the financial year 2020/21 in compliance with the CIPFA Code of Practice.  The report includes Debt and Investment activity, Prudential Indicator Outturn, Investment Strategy, and interest receivable and payable for the financial year.

 

Cabinet is RECOMMENDED to note the report, and to RECOMMEND Council to note the Council’s Treasury Management Activity in 2020/21.

 

Decision:

Recommendations agreed

 

Minutes:

Cabinet had before it a report setting out the Treasury Management performance in the financial year 2020/21 including Debt and Investment activity, Prudential Indicator Outturn, Investment Strategy, and interest receivable and payable for the financial year.

                                                                            

Calum Miller, Cabinet Member for Finance, noted that the Treasury Management team achieved an average in-house return for the year of 0.84%, above the benchmark.  The fund was £1 million ahead of budget, a creditable performance in a challenging year.

 

The Council’s average interest rate on its long-term debt was 4.46%, lower than for most local authorities.  The team kept under review the possibility of restructuring this but the current view was that it would not be advisable to replace older debt with newer.

 

The Council was active in medium-term lending to other local authorities as it could offer lower rates than the Public Works Loan Board.  Councillor Miller thanked his predecessor Councillor David Bartholomew for his stewardship of the finances over the last term.

 

RESOLVED: to note the report, and to RECOMMEND Council to note the

Council’s Treasury Management Activity in 2020/21.