Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2022/027

Contact: Tim Chapple, Treasury Manager, 07917 262935

Report by Director of Finance (CA8).

To note the report and recommend Council to note the council’s treasury management activity in 2021/22.

Cabinet is RECOMMENDED to note the report, and to RECOMMEND Council to note the council’s treasury management activity in 2021/22.

Recommendations agreed

Cabinet had before it the Treasury Management performance for the 2021/22 financial year measured against the original budget agreed by Council in February 2021.

Councillor Calum Millar, Cabinet Member for Finance, described it as a broadly positive story.  Despite interest rates in the period being slightly lower than anticipated, the Council held slightly higher balances and mildly exceeded expectation in terms of income generation within treasury management.  The charts in Annex 5 showed that the team performance had significantly exceeded the benchmarking index.  He thanked the team for their hard work in a volatile period and hoped that their success would continue.

The recommendations were moved by the Chair, seconded by Councillor Millar and agreed.

RESOLVED: to note the report, and to RECOMMEND Council to note the council’s treasury management activity in 2021/22.