Decision details

Purpose of Report

To report the Council’s treasury management activity and the actual prudential indicators for the period 1 April 2021 to 30 September 2021, in accordance with the requirements of the Prudential Code.

Decision

That the Prudential and Local Indicators and the actual performance against the Treasury Management Strategy 2021/22 for the half-year ended 30 September 2021 be noted.

Alternative Options Considered and Rejected

None.

Reason for Decision

It was noted that the Council held £46million of investments at 30 September 2021, with the full investment profile set out at Appendix A of the report.  Of this investment portfolio, 100% was held in low risk specified investments, the requirement for the year being a minimum of 25% of the portfolio to be specified investments.  During the 6 months to 30 September on average 96% of the portfolio was held in low risk specified investments and an average of 4% of the portfolio was held in non-specified investments with other local authorities.

The report highlighted changes to the key prudential indicators, setting out an overview of the current status of the authority’s capital expenditure plans and provided further information in relation to the Council’s Investment Strategy 2021/22 to 2023/24.