Cabinet Member for Finance and Resources
“The UK economy continues to face an uncertain environment in 2021/22, with the on-going Covid-19 pandemic and an uncertain financial environment. The County Council continues to follow its Treasury Management Policy of using internal cash balances instead of borrowing money.
We also continue to provide advice and support along with access to funding for local businesses, as we work to get our economy back on track. And like many other councils we continue to face financial pressures and uncertainty over long term funding of some services. We will continue to spend and invest where necessary, focusing our efforts and resources on where they are most needed”.
Ian Parry, Cabinet Member for Finance and Resources
Reasons for the Decision – To consider a summary of the Council’s borrowing and investment activities during the first six months of the year.
Decision – (a) That the treasury management activities for the half-year
ended 30 September 2021 be noted.
(b) That the Prudential Indicators detailed in Appendix 2 to the report be noted and that the increase to the Upper Limit of variable rate interest exposure, as detailed in paragraph 47 of the report, be approved.
(c) That the proposed revision to the Non-Standard Investment limits, detailed in paragraphs 40-43 and Appendix 5 of the report, be noted and approved.