Issue - meetings

The purpose of this report is to provide a mid-year update to the Executive Member for Finance on treasury management activity for the first half of the year and to provide the latest update of the prudential indicators which are included at Annex A to this report.

Resolved:

                      i.         Noted the Treasury Management activities to date in 2023/24;

                    ii.         Note the Prudential Indicators set out at Annex A and note the compliance with all indicators.

Reason:    To ensure the continued effective operation and performance of the Council’s Treasury Management function and ensure that all Council treasury activity is prudent, affordable and sustainable and complies policies set.

The Chief Finance Officer introduced the report and confirmed that there had been no new borrowing in this financial year. It was also confirmed that the  Treasury Management and Prudential Indicators 2023/24 Mid-Year had been considered by the Audit and Governance committee.

Resolved:

                   i.        Noted the Treasury Management activities to date in 2023/24;

                  ii.        Note the Prudential Indicators set out at Annex A and note the compliance with all indicators.

Reason:    To ensure the continued effective operation and performance of the Council’s Treasury Management function and ensure that all Council treasury activity is prudent, affordable and sustainable and complies policies set.