Treasury Management Mid-Year Report 2024 - 25

February 10, 2025 Cabinet (Cabinet collective) Key decision Unknown View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

The Cabinet of Brent Council decided to note the 2024-25 Mid-Year Treasury report and approve its referral to Full Council on 10 February 2025. They also noted the Council's compliance with prudential indicators.

Full council record

Purpose

To note and comment on the overall financial performance up to quarter two of 2024/25 and note the Council has had complied with the prudential indicators as set by Council in February 2024.

To approve the submission of the report to Full Council for approval in accordance with the Chartered Institute of Public Finance and Accountancy's Treasury Management in the Public Services: Code of Practice.

Decision

Cabinet RESOLVED

(1)    To note the 2024-25 Mid-Year Treasury report and approve its referral on to Full Council.

(2)    To note that the Council had been fully compliant with the prudential indicators set as part of the annual strategy.

Eligible for call-in: No (report and recommendations referred to Council)

Related Meeting

Cabinet - Monday 10 February 2025 10.00 am on February 10, 2025

Supporting Documents

09. Treasury Management Mid Year 2024.25 Final report.pdf
09b. Appendix 2 - Debt and Investments Portfolio.pdf
09a. Appendix 1 - Economic Commentary.pdf
09b. Appendix 2 - Debt and Investments Portfolio.pdf
09. Treasury Management Mid Year 2024.25 Final report.pdf
09c. Appendix 3 - Average Rate vs Credit Risk.pdf
09c. Appendix 3 - Average Rate vs Credit Risk.pdf
09d. Appendix 4 - Q2 2024-25 Prudential Indicators.pdf
09d. Appendix 4 - Q2 2024-25 Prudential Indicators.pdf
09a. Appendix 1 - Economic Commentary.pdf

Details

OutcomeRecommmend Forward to Council
Decision date10 Feb 2025
Expected date10 Feb 2025
Originally due10 Feb 2025
Lead officerNadeem Akhtar, Amanda Healy