Issue - meetings

This report gives details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan for 2021/22.

The Council considered a report giving details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan for 2021/22.

On a motion from Councillor Tom Davies, seconded by Councillor Winston Duguid, it was

RESOLVED to agree that

1.  The Treasury Management Report to 31^st March 2022, prepared in accordance with the CIPFA Treasury Code of Practice, is noted; and

2.  The Treasury Management Indicators to 31st March 2022 are noted.

[Notes;

1.  The above resolution was carried with 42 Councillors voting in favour, and 1 Councillor abstaining.]

The attached report gives details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan for 2021/22.

Cllr Tom Davies introduced the report and moved the officer recommendation.  He noted the excellent position of the Council and stated that the excellent cashflow management had led to savings of over £1m.  Investments regularly performe above the relevant benchmark.  The two ESG investments have been particularly successful providing above average returns.  The Council is in a strong position with regard to its treasury management.

Cllr Wood seconded the motion.

RESOLVED (unanimously):

(1)  To note the Treasury Management Report to 31 March 2022, prepared in accordance with the CIPFA Treasury Code of Practice.

(2)  To note the Treasury Management Indicators to 31 March 2022.