The Group Financial Accountant presented a report for Members to consider the Annual Treasury Management Report for 2020/21 and the Treasury Management activities for the first five months of 2021/22.
The report also advised the Committee of the revised prudential indicators in respect of the maturity structure of borrowing for the financial year 2021/22. The prudential indicators were set in order to control the authority’s exposure to refinancing risk and the proposed change would provide increased flexibility in managing cashflow requirements.
That it be recommended to Full Council that:
1. The outturn prudential indicators for 2020/21 be approved.
2. The treasury management stewardship report for 2020/21 be approved.
3. The treasury management position for the first five months of 2021/22 be noted.
4. The reviewed prudential indicator, in respect of the maturity structure of borrowing for the financial year 2021/22, be approved.