Issue - meetings

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To provide information on treasury management performance and compliance with treasury management strategy for 2024-25 as required by the Treasury Management Code of Practice.

To demonstrate that all treasury management activities undertaken during the reporting period complied with the CIPFA Code of Practice and the council’s approved Treasury Management Strategy.

Recommendations

Council resolves:

1.1         To note the contents of this Treasury Management mid-year review as  recommended by the Accounts, Audit and Risk Committee on the 20 November 24.

Resolved

(1)            That the contents of the Treasury Management mid-year review, as  recommended by the Accounts, Audit and Risk Committee on the 20 November 2024, be noted.

The Assistant Director of Finance (Section 151 Officer) submitted a report to provide information on treasury management performance and compliance with treasury management strategy for 2024-25 as required by the Treasury Management Code of Practice. The report demonstrated that all treasury management activities undertaken during the reporting period complied with the CIPFA Code of Practice and the council’s approved Treasury Management Strategy.

Resolved

(1)          That the contents of the Treasury Management mid-year review, as  recommended by the Accounts, Audit and Risk Committee on the 20 November 2024, be noted.

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To provide information on treasury management performance and compliance with treasury management strategy for 2024-25 as required by the Treasury Management Code of Practice.

To demonstrate that all treasury management activities undertaken during the reporting period complied with the CIPFA Code of Practice and the council’s approved Treasury Management Strategy.

Recommendations

The Accounts, Audit and Risk Committee resolves:

1.1   To note the contents of this Treasury Management mid-year review and recommend it be received by Council.

Resolved

(1)            That the Treasury Management mid-year review 2024-25 (September 2025) be noted and Council be recommended to receive the report.

The Assistant Director of Finance submitted a report that updated the Committee on treasury management performance and compliance with treasury management policy for 2024-25 as required by the Treasury Management Code of Practice.

In introducing the report, the Head of Finance advised that all treasury management activities undertaken to date during the financial year 2024-25 complied with 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 Treasury Management forecast underspend of £0.015m compared to the approved budget.

Resolved

(1)            That the Treasury Management mid-year review 2024-25 (September 2025) be noted and Council be recommended to receive the report.