Purpose

The Executive Member for Finance
submitted a report for Executive’s consideration. The purpose of the report was
to provide an important update to Executive on performance relating to the
Council’s borrowing, investments, and cash-flow for the 2024/25 financial year
to meet the requirements of the CIPFA Treasury Management Code of Practice and
the Local Government Act 2003.

 

Decision

AGREED that Executive:

 

1.   
Note the mid-year Prudential Indicator
results for 2024/25 as the Council’s current position in relation to capital
finance activities and overall indebtedness which was detailed in table one to
five in the report.

2.   
Note the performance of the treasury
management function against the Council’s approved strategy for the 2024/25
financial year to date detailed in paragraphs 4.33 to 4.38 in the report.