Purpose

The council is required through regulations issued under the Local Government Act 2003 to produce an annual treasury report reviewing treasury management activities and the actual prudential and treasury indicators for 2024/25. This report meets the requirements of both the CIPFA (Chartered Institute of Public Finance and Accountancy) Code of Practice on Treasury Management (the Code) and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code).

Decision

The Cabinet considered the Annual Report on the functioning of the Council’s Treasury Management functions for 2024/25 and recommended to the Council Meeting that it:-

(1) Approve the actual 2024/25 prudential and treasury indicators in this report.

(2) Note the Annual Treasury Management Report for 2024/25.

Alternative options considered

None.