Decision details

That the Treasury Management Annual Report for the 2021/22 financial year be noted.

That the actual prudential indicators within the report be approved.

That the publication of the revised Treasury Management and Prudential Codes be noted, with formal adoption required in 2023/24.

The Local Authority is required by statute to approve an annual treasury strategy in advance of the year, a mid-year review report and an annual report following the year comparing actual activity to the strategy.  Under CIPFA’s Prudential Code for Capital Finance in Local Authorities, the Local Authority is also required to set a number of prudential indicators to monitor and control capital expenditure, financing and borrowing. 

In December 2021, CIPFA published revised Treasury Management and Prudential Codes to be formally adopted at the start of the 2023/34 financial year.  The Local Authority will be required to work to these codes in preparing its Treasury Management Strategy Statement and Annual Investment Strategy as well as related reports which are taken to Full Council for approval.