Purpose

To receive an update on the Council's Treasury Management strategy.

Decision

RESOLVED that the Executive endorsed the Treasury Management Mid- Year Report 2023-24 and recommended it to Council and noted:

1) that all approved indicators set out in the Treasury Management Strategy had been adhered to; with the exceptions of;

• Ratio of financing costs to net revenue stream – General Fund.

• Capital financing requirement – Housing Revenue Account.

• External borrowing – Housing Revenue Account

2) As at the end of September 2023, the forecast for the total external General Fund debt was £129m at March 2024, which reduced to £110m after taking into account cash balances.