Issue - meetings

Executive Summary

This report sets out the Treasury Management activities undertaken during the first half of the 2023/24 Financial Year compared with the Treasury Management Strategy for the year.

Options considered

This report must be prepared to ensure the Council is compliant with the CIPFA Treasury Management and Prudential Codes.

Consultation(s)

Cabinet Member

Section 151 Officer

This report has been prepared with the assistance of Link Treasury Services, the Council’s Treasury advisors.

Recommendations

To recommend to Full Council that the Treasury Management Mid Year Report 2023/24 is approved.

Reasons for recommendations

Approval by Full Council demonstrates compliance with the Prudential Code to ensure adequate monitoring of the capital expenditure plans and treasury management activity.

 It is a requirement that any proposed changes to the 2023/24 prudential indicators are approved by Full Council.

Background papers

The Council’s Treasury Management Strategy 2023/24.

Wards affected

All

Cabinet member(s)

Cllr. Lucy Shires

Contact Officer

James Moore

Links to key documents:

Corporate Plan:         

This report is required to ensure the Council can demonstrate it is in a sound financial position and able to deliver the projects in the Capital Programme which support the Corporate Plan Objectives. 

Medium Term Financial Strategy (MTFS)                                

This report supports the MTFS in confirming adequate financing is in place to deliver the Council’s Capital Programme.

Council Policies & Strategies

The Council’s Treasury Management Strategy 2023/24

Corporate Governance:

Is this a key decision 

 No

Has the public interest test been applied

Not an exempt item.

Details of any previous decision(s) on this matter

N/A