Purpose

This report advises the Council on the
performance of the Council’s Treasury Management function for
the first half of 2023/24

Decision

RESOLVED:
 
A. That Cabinet noted the update on Treasury
Management performance for the half year to 30 September 2023 and
agrees to submit this update to Full Council
B. That Cabinet agreed to recommend to Council
that it delegates authority to the Executive Director of Finance
and Digital (S151 officer) to make short term treasury investment
decisions not otherwise currently authorised by the Council’s
Treasury Management Strategy based on current market
conditions/interest rates movements and funds availability to
maximise the investment returns. The Annual Treasury Management
Strategy for FY2024/25 will be presented to the Council in March
2024.