Issue - decisions

Resolved:

                      i.         Noted the 2023/24 performance of treasury management activity;

                     ii.         Noted the Prudential Indicators outlined in 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 with policies set.

It is a statutory duty for the Council to determine and keep under review the affordable borrowing limits. During the 2023/24 financial year, the Council has operated within the Treasury and Prudential Indicators set out in the Council’s Treasury Management Strategy Statement for 2023/24.

There are no policy changes to the Treasury Management Strategy Statement 2023/24 for members to agree and approve; the details in this

report update the Treasury Management position and Prudential Indicators in the light of the updated economic position and budgetary changes already approved.