Purpose

To receive an update on the Council's Treasury
Management strategy.

Content

RESOLVED that the Executive endorsed
the Treasury Management Mid- Year Report 2023-24 and recommended it
to Council and noted:
 
1)
that all approved indicators set out in the Treasury Management
Strategy had been adhered to; with the exceptions of;
• Ratio of financing costs to net
revenue stream – General Fund.
• Capital financing requirement
– Housing Revenue Account.
• External borrowing – Housing
Revenue Account
 
2)
As at the end of September 2023, the forecast for the total
external General Fund debt was £129m at March 2024, which reduced to £110m after
taking into account cash balances.