Agenda item

The Committee considered a report of the Interim Corporate Director of Resources which provided information on the treasury management outturn position for 2020/21 (for copy see file of minutes).

Mr Rudd noted the positive position and referred to the further increase in liabilities following a five yearly rent review at Freeman’s Reach, including PFI and long term lease obligations. The Interim Corporate Director of Resources stated that the increase in liabilities included other long-term liabilities. The Member was assured that the increase in the long-term liability in respect of the property at Freeman’s Reach had been expected, budgeted for and was included in the Medium Term Financial Plan.

Resolved:

That the report be noted.