Issue - meetings

To inform the Cabinet of treasury management activity and the actual prudential indicators for 2021/22.

Cabinet noted the Treasury Management and Prudential Indicators Annual Report for the year ended 31 March 2022.

Members were informed that overall debt was kept under review in order to match the level of borrowing with the financing requirements for assets, based on analysis for the Council’s balance sheet with the aim of maintaining the Council’s borrowing a the most efficient level in line with the prudential framework for capital finance.

Reason

Treasury Management activities have to conform to the Local Government Act 2003, the Local Authorities (Capital, Finance and Accounting) (England) Regulations 2003 (SI 2003/3146) which specifies that the Council is required to have regards to the CIPFA Prudential Code and the CIPFA Treasury Management Code of Practice