Issue - meetings
Treasury Management Monitoring - Round 3
Meeting: 09/04/2024 - Cabinet (Item 6)
6 Treasury Management Report - Quarter 3 
PDF 405 KB
Additional documents:
- Appendix 1, item 6
PDF 242 KB
- Appendix 2, item 6
PDF 196 KB
- Treasury Management Report - Quarter 3 - Addendum Report, item 6
PDF 145 KB
Minutes:
Background:
This report provided an overview of treasury management activity for 2023/24 Quarter 3.
The report explained that the CIPFA (Chartered Institute of Public Finance and Accountancy) Code of Practice for Treasury Management 2021 recommended that Members be updated on treasury management activities at least quarterly. This report, therefore, ensured that the Council was implementing best practice in accordance with the Code.
Overall interest and financing costs were forecast to underspend the budget by £1,295,000 after drawing a contribution of £967,000 from reserves.
The report had previously been considered by the Audit Committee on 27 March 2024, the comments of which were set out in an addendum report within a supplementary agenda.
|
Decision number:
|
Decision:
|
|
|
The Cabinet noted the Treasury Management report, including the comments of the Audit Committee, as set out in the addendum report.
|
|
61/2024 |
The Cabinet instructed officers to review both the potential risk and ethical / environmental impact of the Council’s Investment Portfolio.This review was to include the performance of, and risks associated with both the Council’s Property Funds and its commercial property portfolio and should involve discussion with fund managers and other external agents. |
Reasons:
In accordance with the Chartered Institute of Public Finance Accountancy’s (CIPFA) Code of Practice for Treasury Management, there should be a report on treasury every quarter.