Issue - meetings

Report of the Strategic Director of Housing & Customer Services
Presented by the Corporate Portfolio Holder

Councillor Nick Ruston presented the report to Cabinet.

The report set out a summary update of the Treasury Management activity for the year and Councillor Rushton reassured Cabinet that reports were considered by the Audit and Governance Committee on a quarterly basis. He reported that, for the financial year 2019/20, the council has complied with its Prudential Indicators, which were approved as part of the council’s Treasury Management Strategy Statement. He also confirmed that during the financial year, other than the breach of prescribed limit as set out in the report, the Council has complied with its Treasury Management practices.

The Leader thanked Councillor Rushton and invited questions and comments from Members.  There were none    .

The recommendation as set out on page 74 of the agenda was moved by Councillor Rushton, seconded by Councillor Gillard and subsequently

RESOLVED THAT:

The report be approved.

Reason for decision:  Informing Cabinet of the Council’s treasury management activity is a statutory requirement.