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 2023/24. This report
meets the requirements of both the CIPFA 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 2023/24 and recommended to the
Council Meeting that it:-
 
(1) Approve the actual
2023/24 prudential and treasury indicators in this report.
 
(2) Note the Annual
Treasury Management Report for 2023/24.