Issue - meetings

Report of the Executive Director of Corporate Resources and Customer Services

Further to Minute No. 78 of the Cabinet meeting of 2 November 2023, the Council considered the report of the Executive Director of Corporate Resources and Customer Services that provided a review of the Treasury Management activities undertaken to 30 September 2023. The report was the mid-year report to the Cabinet and the Council, as well as the second report of the on-going quarterly monitoring provided to the Audit and Governance Committee, whose role it was to carry out scrutiny of treasury management policies and practices.

RESOLVED:

That the Treasury Management update to 30 September 2023, to review the effects of decisions taken in pursuit of the Treasury Management Strategy and to consider the implications of changes resulting from regulatory, economic and market factors affecting the Council’s treasury management activities, be noted.

Report of the Executive Director of Corporate Resources and Customer Services

The Cabinet considered the report of the Executive Director of Corporate Resources and Customer Services providing Members with a review of the Treasury Management activities undertaken to 30September 2023. The report was the mid-year report to the Cabinet and Council, as well as the second report of the ongoing quarterly monitoring provided to the Audit and Governance Committee whose role it was to carry out scrutiny of treasury management policies and practices.

Decision Made:

That the Treasury Management update to 30September 2023 be noted, together with the review of the effects of decisions taken in pursuit of the Treasury Management Strategy, and consideration of the implications of changes resulting from regulatory, economic and market factors affecting the Council’s treasury management activities.

Reasons for Decision:

To ensure that Members were fully appraised of the treasury activity undertaken to 30September 2023 and to meet the reporting requirements set out in Sefton’s Treasury Management Practices and those recommended by the CIPFA code.

Alternative Options Considered and Rejected:

Not Applicable.