Purpose

The report outlines the treasury management
activities of the Council in the third quarter of
2024/25.

Decision

RESOLVED:
 
That Cabinet reviewed the position as set out
in the report:
 

a)   
Noted that new borrowing of £25m has been taken out during
quarter 3, in line with the Treasury Management Strategy 2024/25.
This is part of the replacement of internal borrowing (using
internal balances) with external borrowing (as internal balances
have been reduced).
 

b)   
Noting the summary of the wider economic environment and the
Council’s borrowings and investments set out in Appendix
A
 

c)    
Noting the performance within prudential indicators for quarter 3,
2024/25 (Appendix B)