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Lewes and Eastbourne
Councils

Issue - meetings

Annual treasury management report

Meeting: 13/07/2022 - Eastbourne Borough Council Cabinet (Item 13)

13 Treasury management annual report 2021/22 pdf icon PDF 458 KB

Report of Chief Finance Officer

Lead Cabinet member: Councillor Stephen Holt

Additional documents:

Decision:

(Non-key decision):

 

To note the information requested by the Scrutiny Committee, at its meeting on the 11 July 2022 and detailed in the minutes.

 

Recommended to Full Council (Budget and policy framework):

 

(1) To agree the annual Treasury Management report for 2021/22.

 

(2) To approve the 2021/22 prudential and treasury indicators included.

 

Minutes:

The Cabinet considered the report of the Chief Finance Officer, reporting on the activities and performance of the Treasury Management services during 2021/22.

 

The Deputy Chief Finance Officer commented that the report fully complied with all regulations as required by Chartered Institute of Public Finance and Accountancy (CIPFA).

 

Scrutiny Committee at its meeting on 11 July 2022, supported the officer recommendations to Cabinet. They also requested the following additional information which was noted by the Cabinet:

 

(1)  That a full analysis of the movement of debt from 1 April 2021 – 31 March 2022 be provided.

 

The information requested had been circulated to the Scrutiny Committee and Cabinet, following their meeting.

 

The Audit and Governance Committee, at its meeting on 12 July 2022 also considered the report and were supportive of the officer recommendations.

 

Visiting member, Councillor Smart, addressed the Cabinet on this item.

 

Resolved (Non-key decision):

 

To note the information requested by the Scrutiny Committee, at its meeting on the 11 July 2022 and detailed above.

 

Recommended to Full Council (Budget and policy framework):

 

(1) To agree the annual Treasury Management report for 2021/22.

 

(2) To approve the 2021/22 prudential and treasury indicators included.

 

Reason for decisions:

Requirement of CIPFA Treasury Management in the Public Sector Code of Practice (the Code) and this has to be reported to Full Council.