Purpose

The report reviews the
Council’s Treasury Management activities for the year
2024/25. It is prepared in accordance with the requirements of the
Chartered Institute of Public Finance and Accountancy (CIPFA) codes
of practice in respect of capital finance and treasury management.
The codes recommend that Members are advised of the treasury
management activities for the whole of each financial year and of
compliance with the various strategies and policies agreed by the
Council. The report:
 
• Reviews compliance with
the Treasury Management Strategy Statement, Capital Strategy and
Annual Investment Strategy as agreed by full Council (Budget
Council) on 6 March 2024 (Minute 106/24 applies) and updated on 11
December 2024 (Minute 164/24 applies);
• Reviews treasury
borrowing and investment activity for the period 1 April 2024 to 31
March 2025;
• Demonstrates compliance
with the CIPFA Code on Treasury Management and Treasury Management
in the Public Services Guidance notes for Local authorities to
which the Council must have regard in exercising these functions;
and
• Demonstrates compliance
with agreed Treasury and Prudential Indicators and the CIPFA 2021
Prudential Code for Capital Finance.

Content

For the reasons set out in the
report, the Executive Mayor and Cabinet AGREED
to:
 
a) Consider the recommendations
from Audit and Governance Committee on 18 September 2025 relating
to this report.
 
b) Consider the contents of
this report and associated appendices.
 
c) Recommend to Full Council
that it approves the actual 2024/25 prudential and treasury
indicators in this report as set out in Appendix E and notes the
contents of this report and associated appendices.