To provide an update on the activity of the Treasury Management function during the first half of the year for the period 1^st April 2021 to 30^th September 2021.

Stuart Donnelly, Financial Planning & Strategy Manager, submitted a report on the mid-year review of the Treasury Management Strategy.  The report provided an update on the activity of the Treasury Management function during the first half of the year for the period 1 April 2021 to 30 September 2021.  The report stated that the Council had not taken out any new external long-term borrowing during 2021/22 as at 30 September 2021 and had complied fully with its Treasury Management Strategy Statement (TMSS) as agreed by Council on 23 February 2021.  The changes to the Treasury Management Code, Prudential Code, Public Works Loan Board (PWLB) Lending Terms and regulations to improve enforcement of the duty of local authorities to make prudent Minimum Revenue Provision each year were set out in within section 11 of the report.  The report had appended the Economics Update and Investment Criteria & Limits for the Committee’s information.

Resolved:     That the Treasury Management Mid-Year report for 2021/22 be noted.