Issue - meetings
Treasury Management Monitoring - Quarter 1 2024/25
Meeting: 29/10/2024 - Cabinet (Item 7)
7 Treasury Management Report 2024/25: Quarter 1 
PDF 516 KB
Additional documents:
- Appendix 1 - Commentary by Link Asset Services on The Economy Interest Rates Q1 24-25, item 7
PDF 249 KB
- Appendix 2 - Glossary of Terms, item 7
PDF 120 KB
Minutes:
Background:
The report provided the Cabinet with an overview of treasury management activity for 2024/25 Quarter 1. The Audit Committee was responsible for approving the quarterly treasury reports and this report was presented to the Cabinet for information.
It was noted that the Council had significantly reduced its Lender Option, Borrower Option borrowing and that there was advice against long term borrowing as it was anticipated that interest rates would fall.
The report had previously been considered by the Audit Committee on 26 September and its comments were set out at section 12 of the report.
|
Decision number:
|
Decision:
|
|
|
The Cabinet noted the comments of the Audit Committee, as set out at section 12 of the report. |
|
The Cabinet noted the treasury management report. |
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.