Issue - meetings
Treasury Management Mid-year Review 2023/24 and Quarter 2 Update
Meeting: 22/11/2023 - Governance and Audit Committee (Item 41)
41 Treasury Management Mid-year Review 2023/24 and Quarter 2 Update 
PDF 188 KB
Additional documents:
- Enc. 1 - Draft mid-year report 2023/24, item 41
PDF 451 KB
- Enc. 2 - Investment portfolio at 30-09-23, item 41
PDF 30 KB
- Enc. 3 - Long-term borrowing at 30-09-23, item 41
PDF 87 KB
- Enc. 4 - Short-term borrowing at 30-09-23, item 41
PDF 18 KB
- Webcast for Treasury Management Mid-year Review 2023/24 and Quarter 2 Update
Decision:
That the Committee notes the draft Treasury Management Mid-Year Report 2023/24 and confirms there are no matters to be drawn to the attention of Cabinet at its meeting in December.
Minutes:
The Strategic Finance Manager presented the draft Treasury Management mid-year report for 2023/24 for recommendation to Cabinet, together with an update on Quarter 2 activities for information.
A summary of key areas reflected the impact of changes to interest rates along with information on borrowing and debt management during the period. The quarterly update detailed the position on investments and borrowing at the end of September 2023, together with a reminder of the annual refresher training session on 8 December.
The Chair welcomed the additional investment income as a result of improved interest rates which helped to support the Council’s overall financial position. In response to a question on the impact of resource challenges, the Corporate Finance Manager provided an update on changes within the Finance team and advised that there were no immediate risks to the treasury management function.
The recommendation was moved and seconded by Councillors Bernie Attridge and Andrew Parkhurst.
RESOLVED:
That the Committee notes the draft Treasury Management Mid-Year Report 2023/24 and confirms there are no matters to be drawn to the attention of Cabinet at its meeting in December.