Issue - meetings

Report of the Executive Director of Corporate Services and Commercial

The Council considered the report of the Executive Director of Corporate Services and Commercial that provided a review of the Treasury Management activities undertaken during 2023/24 and an update to 31 July 2024. The Council received this outturn report to allow monitoring against the Treasury Management Policy and Strategy and Prudential Indicators approved by the Cabinet and Council in March 2023.

It was moved by Councillor Howard, seconded by Councillor Lappin and

RESOLVED:

That the Treasury Management position during 2023/24 and the update to 31 July 2024, 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 – Corporate Services and Commercial

The Cabinet considered the report of the Executive Director – Corporate Services and Commercial providing a review of the Treasury Management activities undertaken during 2023/24 and an update to 30 June 2024. The Cabinet received the outturn report to allow monitoring against the Treasury Management Policy and Strategy and Prudential Indicators approved by the Cabinet and Council in March 2023. The report was also 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 position during 2023/24 and the update to 30 June 2024 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 the Decision:

The Council had acted in accordance with the CIPFA Prudential Code for Capital Finance in Local Authorities and had reviewed its Prudential Indicators to comply with legislation and was acting prudently in that its capital expenditure proposals remained affordable.

Alternative Options Considered and Rejected:

None.