Issue - meetings

To consider and decide on the recommendations as set out in the associated report.

RESOLVED –

1.    That the Treasury Management and Prudential Indicator position for 2021/22 be noted; and

2.    That the forecast for investment and bank interest at £432,000, an increase of £70,000 from the approved budget of £362,000, be noted.

REASON FOR DECISION: Ensuring effective cash flow management was vital in order to support all the services provided by the Council. The interest received from investments was an important source of income in helping to set a balanced budget.

Jane Fineman, Head of Finance, Procurement and Parking introduced the report as set out in the agenda.

Discussion and questions from Members included the following:

-       It was noted that at the Audit and Governance meeting held on 16 September 2021, the auditors, Grant Thornton confirmed they would be giving the Council an unqualified audit report with no recommendations for changes going forward. 

-       It was anticipated that the reports would be signed off week beginning 20 September 2021 – in time for the Government deadline of the end of September 2021.

-       The success was welcomed and the team congratulated for all their efforts. 

RESOLVED –

1.    That the Treasury Management and Prudential Indicator position for 2021/22 be noted; and

2.    That the forecast for investment and bank interest at £432,000, an increase of £70,000 from the approved budget of £362,000, be noted.

REASON FOR DECISION: Ensuring effective cash flow management was vital in order to support all the services provided by the Council. The interest received from investments was an important source of income in helping to set a balanced budget.

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.

Clare Hazard, Accountancy Manager introduced the report set out in the agenda.

RESOLVED – That the recommendations to Cabinet as set out in the report be supported.