Issue - meetings

To receive and consider the attached report and recommendations from Cabinet meeting held on 9 September.

The Chartered Institute of Public Finance & Accountancy's (CIPFA) Prudential Code of Practice requires local authorities to calculate prudential indicators before the start of and after each financial year. The CIPFA Code of Practice on Treasury Management also requires the Section 151 Officer to prepare an annual report on the outturn of the previous year. This information is shown in Appendix A of the report.

The report of the Director of Finance and Section 151 Officer seeks to inform members and the wider community of the Council's treasury management activities in 2018/19 and of the Council's treasury management position as at 31 March 2019.  (This report has already been considered by Governance & Audit & Standards Committee on 26 July 2019.)

RECOMMENDED to Council that the actual prudential and treasury management indicators based on the unaudited* accounts, as shown in Appendix B, be noted (an explanation of the prudential and treasury management indicators is contained in Appendix C).

* Since this report was written the Council's auditors have issued an unqualified audit opinion on the Council's accounts and the prudential and treasury management indicators are therefore confirmed.

RECOMMENDED to Council that the actual prudential and treasury management indicators based on the unaudited* accounts, as shown in Appendix B, be noted (an explanation of the prudential and treasury management indicators is contained in Appendix C).

* Since this report was written the Council's auditors have issued an unqualified audit opinion on the Council's accounts and the prudential and treasury management indicators are therefore confirmed.

(This is not subject to call-in, being referred to Council for approval)