Issue - meetings

Report of the Assistant Director of Finance

Purpose of report

To receive information on treasury management performance and compliance with treasury management policy for 2023-24 as required by the Treasury Management Code of Practice.

All treasury management activities undertaken to date during the financial year 2023-24 complied with the CIPFA Code of Practice and the Council’s approved Treasury Management Strategy, and all Prudential Indicators were met during the reporting period.

Over the course of the year, there is an overall forecast underspend of £0.376m.

Recommendations

The meeting is recommended:

1.1           To note the contents of this Treasury Management Report.

1.2           To note the strategy for future borrowing requirements at Appendix 1.

Resolved

(1)          That the Q1 2023/24 Treasury Management Report be noted.

(2)          That the strategy for future borrowing requirements be noted

The Assistant Director of Finance & S151 Officer submitted a report that gave information on the treasury management performance and compliance with treasury management policy for 2023-24 as required by the Treasury Management Code of Practice.

All treasury management activities undertaken to date during the financial year 2023-24 complied with the CIPFA Code of Practice and the Council’s approved Treasury Management Strategy, and all Prudential Indicators were met during the reporting period.

Over the course of the year, there was an overall forecast underspend of £0.376m.

Resolved

(1)           That the Q1 2023/24 Treasury Management Report be noted.

(2)           That the strategy for future borrowing requirements be noted