Issue - meetings

Treasury Management Update

 

 

Meeting: 01/12/2023 - Audit & Accounts Committee (Item 26)

26 Treasury Management Update pdf icon PDF 213 KB

Additional documents:

Minutes:

The purpose of the report was to allow the robust scrutiny of the Council’s Treasury Management performance in 2023/24 in compliance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management and generally accepted good practice.

 

It was reported that interest rates were not forecasted to increase further and may decrease during the next financial year at the earliest.  The Committee discussed the management of the Council’s reserves (and the link to the Medium Term Financial Plan), debt timescales, the availability of secure places to invest and the impact on the finances for the Levelling Up Fund project.

 

RESOLVED:

 

That the current Treasury Management position as at 31st October 2023 be noted.