Issue - meetings

To consider the report of the Director Finance.

Agreed:

RECOMMENDED that Council note the content of the Treasury Management report.

Reason for Decision: As set out in the report.

The Executive received the report on the current Treasury Management performance for the 2020/21 financial year and the position of investments and borrowings at 31 March 2021.

The Deputy Chief Finance Officer stated that the outturn position was broadly in line with the original budget rather than the Emergency Budget as the Council’s cash flow had not been negatively impacted by the Covid-19 Pandemic, as first feared. This was largely due to Government support measures including the Sales Fees and Charges Compensation Scheme in conjunction with the Council borrowing earlier than planned to secure low interest rates.

Councillor D. Moore, as an opposition leader, enquired whether consideration was given to climate change when reaching decisions on investment opportunities.

The Leader advised that the enquiry should be put separately to officers in order for a response to be provided.

RECOMMENDED that Council note the content of the Treasury Management report.