Decision details
Treasury Management Report for the Year Ended 31 March 2022
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Summary of Treasury Activity for 2021/22 in
line with statutory requirements and reporting
guidelines.
Decisions:
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“Staffordshire County Council is a well-run council, and we continue to manage our finances prudently while doing and spending what is required. By using cash reserves rather than borrowing more, we have been able to achieve substantial savings in what remain challenging times. As well as being prudent, our low-risk investment approach, which focuses on lending to low-risk institutions, means we have been well placed to deal with challenges arising from difficulties the current global economy presents. We remain committed to supporting local businesses along with providing access to funding, as we work to grow our economy.”
Ian Parry, Cabinet Member for Finance and Resources |
Reasons for the Decision – To inform the Cabinet of the Council’s investment and borrowing activity during 2021/22 including both borrowing and investment decisions taken throughout the year in the light of the interest rates and economic conditions prevailing at the time.
Decision – (a) That the treasury management activities for the year ended 31 March 2022, including the Prudential Indicators outturn (detailed in Appendix 4 to the report), be noted.
(b) That the use of the Minimum Revenue Provision at 31 March 2022 (as set out in paragraphs 29 and 30 of the report) be noted and approved.
(c) That the proposed revision to the Non-Standard Investment limits (as detailed in paragraphs 56 and 57 and Appendix 5 to the report) be noted and approved.
Report author: Justin Madden
Publication date: 21/07/2022
Date of decision: 20/07/2022
Decided at meeting: 20/07/2022 - Cabinet
Effective from: 27/07/2022
Accompanying Documents:
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