Issue - meetings

Report of the Cabinet Member for Finance and Transformation attached.

Councillor Thorpe, Cabinet Member for Finance and Transformation

Presented the Treasury Management report. 

The report outlines the financial position and provides an update on the following aspects of the Treasury Management function throughout 2023/24.

• An economic update for 2023/24.

• An update of the Council’s current treasury management position. • Council Borrowing.

• Treasury Investment Activity.

• Non-Treasury Investments.

• Treasury Performance for 2023/24.

• Treasury Management Prudential Indicators.

The Council is required by legislation to produce an annual Treasury Management review of activities and the actual prudential and treasury indicators for the year. This report meets both the CIPFA Code of Practice on Treasury Management (the Code) and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code).

DECISION
1. Cabinet notes and approves for onward submission to Council on 11 September 2024, the:

o 2023/24 Prudential and Treasury Indicators.

o Treasury Management 2023/24 Outturn Report.

Reasons for recommendation(s)

It is a requirement of the CIPFA Code that the Council receives an annual Treasury Management Outturn Report. It should be noted that the Council met all its Prudential Indicators relating to Treasury Management in financial year 2023/24.