(NOTE: A copy of the report that was considered by the Strategy and Resources Committee on 5 July 2021 is attached).

Council considered the Treasury Management Annual Report for 2020/21 to the Strategy and Resources Committee on 5 July 2021 (circulated previously).

Report by Head of Resources (attached)

The Committee considered a report by the Head of Resources (circulated previously) regarding the Annual Treasury Management report for 2020/21.

The Exchequer Manager highlighted the following:

·       This report provided details of the outturn position for treasury activities and highlights compliance with the Council’s policies previously approved.

·       The Council’s Capital expenditure and financing as detailed in paragraph 4.1 of the report.

·       The Council’s overall borrowing need as detailed in paragraph 4.2 of the report.

·       The Treasury position as at 31 March 2021 as detailed in paragraph 4.3 of the report.

·       The strategy for 2020/21 as detailed in paragraph 4.4 of the report.

·       The Borrowing Outturn as detailed in paragraph 4.5 of the report.

·       The Investment Outturn as detailed in paragraph 4.6 of the report.

RECOMMENDED that:

(a) the annual treasury management report for 2020/21 be noted;

(b) the actual 2020/21 prudential and treasury indicators be approved.