Issue - meetings
Treasury Management Mid-Year Strategy Review 2024/25
Meeting: 14/11/2024 - Executive Board (Item 32)
32 Treasury Management Mid-Year Strategy Review 2024/25 PDF 134 KB
Additional documents:
Decision:
(1) That the Treasury Management position for the year to date be noted and the proposed Strategy for the remainder of the year, as detailed in Appendix 1 attached to the report, be approved.
(2) That no changes be identified to the existing Treasury and Prudential Indicators for 2024/25, as set by the Executive Board on 7th March 2024.
Minutes:
An update on the Treasury Management position to date and the proposed Strategy for the remainder of 2024/26 was submitted for consideration. This was following approval of the Strategy by the Board in March 2024.
The report provided information on the Original Strategy for 2024/25, the Economic Review for 2024/25 along with Treasury Performance to date.
The Executive were advised that in keeping with the Council’s key objectives, no new borrowing had been undertaken in the first half of the year. Therefore, it was proposed that the Borrowing Strategy remained unchanged, with the council looking to take new borrowing as determined by cash flow requirements and by reference to movements in actual and projected long-term interest rates.
RESOLVED
(1) That the Treasury Management position for the year to date be noted and the proposed Strategy for the remainder of the year, as detailed in Appendix 1 attached to the report, be approved.
(2) That no changes be identified to the existing Treasury and Prudential Indicators for 2024/25, as set by the Executive Board on 7th March 2024.