Issue - meetings

Report of Councillor Holt on behalf of the Cabinet. Referred from the meeting of Cabinet held on 13 July 2022.

Councillor Holt (as Cabinet Member for Finance) moved and Councillor Tutt seconded the recommendation made by Cabinet on 13 July 2022 to approve the annual Treasury Management Report for 2021/22 and the 2021/22 prudential and treasury indicators included in the Cabinet Report.

A question was raised by the Leader of the Opposition on whether the level of debt reported in paragraph 4.3 of the Cabinet report was correctly listed as £5m, on the rollover of debt, and on the papers available to the meeting.  The Leader responded by confirming that the full list of temporary loans taken out was set out in Appendix 2 to the Cabinet Report. He congratulated the treasury management team that all loans were below 1%.  Councillor Holt offered to go through the debt position with the Leader of the Opposition as part of the recovery and stabilisation programme.  He confirmed that the Council was approving the Cabinet report, and he advised that the Council had a diverse portfolio of debt and he was comfortable with the level of debt held and how it was being managed.  

RESOLVED (by 20 votes to 0 with 1 abstention):

1.      To approve the annual Treasury Management Report for 2021/22; and

2.     To approve the 2021/22 prudential and treasury indicators included in the Cabinet Report.