Issue - meetings

The Treasury Management Quarter 1 Report 2024/25 is to be presented.

Cabinet:

1)              NOTED the Quarter 1 position on treasury activity for 2024-25

2)              NOTED the Quarter 1 position on Prudential Indicators for 2024-25.

The Portfolio Holder for Corporate Finance, Property and Resources, Councillor Cox, introduced the report and moved the recommendations. The Leader seconded the motion.

RESOLVED

Cabinet:

1)              NOTED the Quarter 1 position on treasury activity for 2024-25.

2)              NOTED the Quarter 1 position on Prudential Indicators for 2024-25.

(Non-key decision)

Reasons for recommendations

The Prudential Code requires the Council to monitor and report performance on Treasury Management activities at least quarterly. As a minimum full Council need to receive an annual report on the strategy and plan for the coming financial year, a mid year review and an annual report on performance of the treasury management function. In addition monitoring reports should be received at least quarterly alongside revenue and capital monitoring by the cabinet as the body delegated responsibility for treasury management functions.

To facilitate the decision making process and support capital investment decisions the Prudential Code requires the Council to agree and monitor a minimum number of prudential indicators.