Issue - meetings

Treasury Management Mid-Year Review Report 2024-25

 

 

Meeting: 17/12/2024 - Cabinet (Item 7)

7 Treasury Management Strategy Mid-Year Review Report 2024/25 pdf icon PDF 400 KB

Additional documents:

Minutes:

Background:

 

This report provided details of an overview of treasury management activity since 1 April 2024 and presented a review of the Treasury Strategy approved by Council on 29 February 2024.

This report had been considered by the Audit Committee at its meeting on 26 November 2024, the draft minutes of which were set out in section 10 of the report. The report would also be referred to Full Council on 23 January 2025. 

The report included an economic update for the first part of 2024/2025 and reviews of: the Treasury Management Strategy Statement and Annual Investment Strategy; the Council’s Investment Portfolio and Borrowing Strategy; any debt rescheduling undertaken and compliance with treasury and prudential limits.

Decision

number:

 

Decision:

 

 

The Cabinet noted the comments of the Audit Committee set out at section 10 of the report

 

The Cabinet considered the report, noted its contents and noted that the report would also be referred to Full Council.

Reasons:

 

In accordance with the Chartered Institute of Public Finance Accountancy’s (CIPFA) Code of Practice for Treasury Management, there should be a review of the strategy at least half yearly.