Issue - meetings
Treasury Management Outturn 2023-24
Meeting: 09/09/2024 - Cabinet (Item 8)
8 Treasury Management Outturn 2023-24 
PDF 362 KB
This report sets out the outturn for the Council’s Treasury Management activities for 2023-24 in accordance with the Local Authorities (Capital Financing and Accounting) Regulations 2003.
Additional documents:
- 08a. Appendix 1 - Economic Commentary, item 8
PDF 290 KB
- 08b. Appendix 2 - Debt and Investments Portfolio, item 8
PDF 114 KB
- 08c. Appendix 3 - Average Rate vs Credit Risk, item 8
PDF 276 KB
- 08d. Appendix 4 - Prudential Indicators, item 8
PDF 339 KB
- Webcast for Treasury Management Outturn 2023-24
Decision:
Cabinet RESOLVED to
(1) To note the Council’s overall Treasury Management financial performance for 2023-24, as set out within the report.
(2) To approve referral of the report to Full Council for approval, in accordance with the Chartered Institute of Public Finance and Accountancy's Treasury Management in the Public Services: Code of Practice.
Eligible for call-in: No (report referred to Council for final approval)
Minutes:
Councillor Mili Patel (as Deputy Leader and Cabinet Member for Finance & Resources) introduced a report presenting the outturn for the Council’s Treasury Management activities 2023-24, in accordance with the Local Authorities (Capital Financing and Accounting) Regulations 2003.
In considering the report, Cabinet noted the economic background in relation to the current outturn position which included the continuing economic volatility and challenges arising as a result of ongoing global geo-political tensions and the impact of current inflation and interest rates. In recognising the importance of the Treasury Management function in managing and planning for the level of funding required to support the Council’s activities, services and affordability of the capital programme members noted that the activity looked to optimise the effect of borrowing costs and investment income whilst managing the associated risks in line with the Council’s Treasury Management Strategy and Prudential Indicators, which had been approved by Full Council in February 2023 and in accordance with relevant professional codes and legislation.
Cabinet thanked officers for their work in relation to managing the Council’s Treasury Management activity and having considered the report RESOLVED:
(1) To note the Council’s overall Treasury Management financial performance for 2023-24, as set out within the report.
(2) To approve referral of the Treasury Management Outturn Report to Full Council for approval, in accordance with the Chartered Institute of Public Finance and Accountancy Treasury Management in the Public Services: Code of Practice.