Issue - meetings

Background:

The report presented an overview of treasury management activity during 2024/25 and confirmed that throughout the period the Council had complied with its legislative and regulatory requirements.

The Council was required by regulations issued under the Local Government Act 2003 to produce an annual review of treasury management activities and the actual prudential and treasury indicators for 2024/25, and the report met the requirements of both the CIPFA Code of Practice on Treasury Management (the Code) and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code).

Reasons:

Section 7.1 (e) of the Council’s Financial Rules state that the Chief Operating Officer shall report to Cabinet and the Audit Committee not later than September on treasury management activities in the previous year.