Purpose

The CIPFA (Chartered Institute of Public
Finance and Accountancy) Code of Practice for Treasury Management
recommends that Members be updated on treasury management
activities regularly (annual, mid-year and quarterly reports). This
report therefore ensures this Council is implementing best practice
in accordance with the Code.

Decision

The Cabinet considered
a report providing an update on the operation and effectiveness of
the Council's Treasury Management function for quarter one of
2024/25 and has agreed to note the report, the treasury activity
and recommend approval of any changes to the prudential
indicators.