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RESOLVED - That Cabinet noted the outturn
position in respect of the 2023-24 financial year.
 
REASONS FOR DECISION –
The Council operated in line with its agreed
Treasury Management Strategy during the 2023/24 financial year.
This ensures that lending and borrowing arrangements were prudent
and sustainable, minimising the risk of financial loss to the
Council. Effective management of these arrangements ensured that
interest costs during the year were minimised to
assist the Council’s revenue position whilst
interest receivable increased slightly above
budget due to increased interest rates.
 
OTHER OPTIONS CONSIDERED AND REJECTED
- This report is
primarily a factual report detailing the actual position against the Council’s previously approved treasury management strategy. Accordingly,
the report does not set out any options where a decision is
required by Members.
 
Please note
that this was not a Key Decision and so can be implemented with
immediate effect by officers.