Purpose

The council is required through regulations
issued under the Local Government Act 2003 to produce an annual
treasury report reviewing treasury management activities and the
actual prudential and treasury indicators for 2024/25. This report
meets the requirements of both the CIPFA (Chartered Institute of
Public Finance and Accountancy) Code of Practice on Treasury
Management (the Code) and the CIPFA Prudential Code for Capital
Finance in Local Authorities (the Prudential Code).

Content

The Cabinet considered
the Annual Report on the functioning of the Council’s
Treasury Management functions for 2024/25 and recommended to the
Council Meeting that it:-
 
(1) Approve the actual
2024/25 prudential and treasury indicators in this report.
 
(2) Note the Annual
Treasury Management Report for 2024/25.

Alternative options considered

None.