Issue - meetings

This report gives details of performance against the Council’s Treasury Management Strategy for 2021/22 for the first six months of 2021/22.

On a motion from Councillor Richard Samuel, seconded by Councillor Andy Furse, it was

RESOLVED unanimously to note

1.  The Treasury Management Report to 30^th September 2021, prepared in accordance with the CIPFA Treasury Code of Practice; and

2.  The Treasury Management Indicators to 30th September 2021.

This report gives details of performance against the Council’s Treasury Management Strategy for 2021/22 for the first six months of 2021/22.

On a motion from Councillor Richard Samuel, seconded by Councillor Mark Elliott, it was

RESOLVED unanimously to recommend to Council on 18^th November 2021 to note

1.  The Treasury Management Report to 30^th September 2021, prepared in accordance with the CIPFA Treasury Code of Practice; and

2.  The Treasury Management Indicators to 30^th September 2021.

Treasury risk management at the Authority is conducted within the framework of the Chartered Institute of Public Finance and Accountancy’s Treasury Management in the Public Services: Code of Practice 2017 Edition (the CIPFA Code), which requires the Council to approve a Treasury Management Strategy before the start of each financial year, review performance during the year, and approve an annual report after the end of each financial year.

This report gives details of performance against the Council’s Treasury Management Strategy for 2021/22 for the first six months of 2021/22.

On a motion from Councillor Richard Samuel, seconded by Councillor , it was unanimously

RESOLVED (unanimously) that the Cabinet agreed to:

1)  The Treasury Management Report to 30^th September 2021, prepared in accordance with the CIPFA Treasury Code of Practice, is noted.

2)  The Treasury Management Indicators to 30^th September 2021 are noted.

Treasury risk management at the Authority is conducted within the framework of the Chartered Institute of Public Finance and Accountancy’s Treasury Management in the Public Services: Code of Practice 2017 Edition (the CIPFA Code), which requires the Council to approve a Treasury Management Strategy before the start of each financial year, review performance during the year, and approve an annual report after the end of each financial year.

This report gives details of performance against the Council’s Treasury Management Strategy for 2021/22 for the first six months of 2021/22.

Councillor Richard Samuel introduced the report and made the following statement:

“This is the regular report received by cabinet that covers the quarter to the end of September for noting by the cabinet. However, I would draw the cabinet’s attention to the ESG funds now placed following the review of the opportunities posed in the market. This confirms the council’s strong desire to move away from investments linked to fossil fuel depletion. In that regard I noted that the media reported over the weekend that these investments where held could become worthless in the next two decades”.

Councillor Samuel moved the recommendations.

Councillor Sarah Warren seconded the motion

RESOLVED (unanimously) to recommend that the Cabinet on 11^th November 2021 agree:

1.1  The Treasury Management Report to 30^th September 2021, prepared in accordance with the CIPFA Treasury Code of Practice, is noted.

1.2  The Treasury Management Indicators to 30^th September 2021 are noted.