Issue - meetings
Treasury Management Outturn 2019/20
Meeting: 29/10/2020 - Full Council (Item 40)
40 Annual Review of Treasury Management Activity 2019/20 
PDF 192 KB
To inform members of the Council`s treasury management activity during 2019/20.
Additional documents:
- Annual Treasury Mgt Report Review of 2019-20 Activity, 11/08/2020 Executive, 30/09/2020 Full Council, item 40
PDF 599 KB
- TM - Appendix 1 - Prudential Indicators, 11/08/2020 Executive, 30/09/2020 Full Council, item 40
PDF 229 KB
Minutes:
With reference to Minute 21 of the Executive (11th August 2020) consideration was given to the Council`s treasury management activity during 2019/20.
RESOLVED
That the annual treasury management activity for the year ended 31st March 2019 be noted.
Meeting: 19/10/2020 - Scrutiny Committee (Item 28)
28 Annual Treasury Management Report Review of Activity PDF 599 KB
To consider the Council`s treasury management strategy activity during 2019/20. This was considered by the Executive at its meeting on 11th August and recommended to Full Council.
Additional documents:
Minutes:
Howard Hamilton-Smith, Head of Finance and Property presented a report to the Committee that had previously been presented to the Executive at a meeting held on 11th August 2020.
The report advised of the Council`s treasury management activity during 2019/20.
The Committee was advised that the decision of the Executive had been to recommend that Full Council note the annual treasury management activity for the year ended 31st March 2020..
IT WAS AGREED
That the report be noted.
Meeting: 21/09/2020 - Scrutiny Committee (Item 8.)
8. Annual Treasury Management Report Review of Activity 2019/20 PDF 599 KB
To consider the Council`s treasury management activity during 2019/20. This report was considered by the Executive at its meeting on 11th August and recommended to Full Council on 30th September.
Additional documents:
Meeting: 11/08/2020 - Executive (Item 21)
21 Annual Treasury Management Report Review of 2019/20 Activity PDF 599 KB
To inform Members of the Council`s treasury management activity during 2019/20.
Additional documents:
Minutes:
Purpose
To inform members of the Council’s treasury management activity during 2019/20.
Reason for Decision
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To comply with the regulations issued under the Local Government Act 2003 to produce an annual treasury management report review of activities and the actual prudential and treasury indicators for 2019/20. The report met the requirements of both the CIPFA Code of Practice on Treasury Management (the Code) and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code). Performance against the approved prudential and treasury indicators as shown in Appendix 1 of the report.
During 2019/20 the minimum reporting requirements were that Full Council should receive the following reports:
• an annual treasury strategy in advance of the year (Full Council 20 February 2019) • a mid-year treasury update report (Full Council 18 December 2019) • an annual review following the end of the year describing the activity compared to the strategy (this report).
The regulatory environment places responsibility on Members for the review and scrutiny of treasury management policy and activities. The report was therefore important, as it provided details of the outturn position for treasury activities and highlighted compliance with the Council’s policies previously approved by Members.
It had been a challenging year in terms of returns on investments and this was further impacted in March by COVID-19 and two reductions in the Bank Rate, from 0.75% to 0.10% .
It was confirmed that the Council has complied with the requirement under the Code to give prior scrutiny to all of the above treasury management reports by the Scrutiny Committee before they were reported to Full Council. Member training on treasury management issues was undertaken during the year on 10 December 2019 in order to support Members’ scrutiny role.
Decision
That the Executive recommends that Full Council note the annual treasury management activity for the year ended 31 March 2020.
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