Issue - meetings

Meeting of Cabinet – 1^st September 2021 Treasury Management Outturn Report

It was moved by Councillor O’Brien and seconded by Councillor Tariq and it was:

Resolved:

That Council approves:

• 20/21 Prudential and Treasury Indicators
• Treasury Management 2020/21outturn report

Meeting of Licensing and Safety Committee – 2nd September 2021

It was moved by Councillor O’Brien and seconded by Councillor Walmsley and On being put, with 28 voting for, 13 voting against and the Mayor abstaining, it was:

RESOLVED:

That the Council adopts the recommendations presented in section 4 (Lead Officer Recommendations) for each proposed standard for implementation by 1 December 2021 unless an alternative date is specified, or a further report is required.

A report from the Leader and Cabinet Member for Finance and Growth is attached.

Councillor Eamonn O’Brien, the Leader of the Council and Cabinet Member for Finance and Growth, presented the report which outlined the financial position and provided an update on the Council’s capital expenditure and financing, the treasury position as 31st March 2021, the investment and borrowing strategy, and borrowing and investment Outturn throughout 2020/21. In response to Members’ questions, it was noted that no new loans to the airport were proposed and dividend pay-out from existing loans had been affected from Covid and were expected to not return to normal until after air travel picked up again.

Decision:

Cabinet approved, for onward submission to Council in September, the:

·         2020/21 Prudential and Treasury Indicators

·         Treasury Management 2020/21 Outturn Report

Reasons for the decision:

It is a requirement of the CIPFA Code that the Council receives an annual Treasury Management Outturn Report.

Other options considered and rejected:

N/A