Purpose

The report will set out the comparison of
Council’s performance against the approved strategy for the
year for its borrowing and investment activities.

Content

RESOLVED

That the
Cabinet:

a)            
approves the actual 2023/24 Prudential and Treasury
Indicators as set out in report
FIN/659

 

b)            
notes the Annual Treasury Management Report for
2023/24 as contained within report
FIN/659

c)            
notes that the authorised limit for external
borrowing set by the Council was exceeded for a short period during
Q4 of 2023/24 and is now back within the set limit set by the
Council.

 

 
That Full
Council be recommended to:

Approve of the
increase in the 2024/25 Operational boundary and Authorised Limits
contained within section 5.4 of report
FIN/659

Reasons for
the Recommendations
 
The Council’s financial
regulations, in accordance with the CIPFA Code of Practice for
Treasury Management, requires an annual review following the end of
the year describing the activity compared to the Strategy. This
report complies with these requirements