Issue - meetings

TREASURY MANAGEMENT QUARTER 3 POSITION

 

 

Meeting: 17/01/2024 - Cabinet (Item 9)

9 2023/24 TREASURY MONITORING REPORT AS AT 23 NOVEMBER 2023 pdf icon PDF 591 KB

A report from the Executive Director – Resources is attached.  (Non Key)

Minutes:

Cllr Tim Leaver (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director – Resources, providing information on the activities of the Council’s Treasury Management function over the eight months to 30th November 2023. The economic context in respect of inflation and rise in interest rates was highlighted. Attention was drawn to the maturity structure of the Council’s debt portfolio and that it had borrowed prudently and long term.

 

In response to members’ queries, it was confirmed that the Council was meeting its capital financing targets.

 

Officers confirmed that it was not required for this paper to be submitted to Council.

 

DECISION:  The Cabinet agreed to note the Treasury Management monitoring report.

 

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.

 

(Non Key)