Decision details

The Chief Officer (Financial Services) submitted a report presenting the Council’s Treasury Management Outturn position for the 2020/21 financial year.

In considering the report, Members discussed current costs with regard to Minimum Revenue Provision, and in response to a specific enquiry, the Board was provided with information on the actions being taken towards safeguarding against potential interest rate rises, when considering the Council’s borrowing costs.

In conclusion, the officers responsible for this area were thanked for the work they continued to do to ensure that treasury activity remained within the Treasury Management Strategy.

RESOLVED – That the Treasury Management outturn position for the

2020/21 financial year, as presented within the submitted report, be noted, with it also being noted that treasury activity has remained within the Treasury Management Strategy and Policy Framework.