Decision details

2021/22 Annual Treasury Management Report

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


The attached report reviews treasury performance during 2021/22 against the Council’s Treasury Management Strategy. This is a historic review for noting by members.




The 2021/22 Annual Treasury Management Report was presented by the Finance and Assets Portfolio Holder. The report reviewed the treasury activities and the actual prudential and treasury activities and the actual prudential and treasury indicators for the 2021/22 financial year, meeting the requirement of the Local Government Act 2003, the CIPFA Code of Practice on Treasury Management and the CIPFA Code for Capital Finance in Local Authorities.


The level of external debt remained at £12.8 million, below the Capital Requirement of £24 million which showed that the Council had not funded revenue activity through borrowing, a key prudential indicator which has helped to avoid incurring higher borrowing costs in the future.


The Finance and Assets Portfolio Holder referred to the current inflation levels and highlighted that inflation was expected to continue to rise amongst a perfect storm of issues and therefore, the Bank Rate was expected to rise further during 2022/23 from its current level of 1%.






(1)        Council be recommended to approve the 2021/22 Annual Treasury Management Report.


Reasons for Decision


This reports shows performance against the 2021/22 Treasury Management Strategy, which forms part of the corporate governance arrangements that support all Council plan priorities.


Alternative Options Considered and Rejected


There are no alternative options, the report presents historic data on treasury performance during 2021/22

Report author: Claire Read

Publication date: 12/08/2022

Date of decision: 04/07/2022

Decided at meeting: 04/07/2022 - Cabinet

Accompanying Documents: