Issue - meetings

To provide Members with an update on Treasury Management performance and activity to ensure best practice is maintained (report of the Deputy Chief Executive – Corporate Development (S151) enclosed).

Consideration was given to the report of the Deputy Chief Executive – Corporate Development (S151) which provided members with an update on Treasury Management performance and activity to ensure best practice was maintained.

The Interim Treasury and Investment Manager (PSPS) introduced the report which included the ‘Q1 Treasury Management Update’ at Appendix A. The following main areas were highlighted to members:

• An economic update for the first quarter of the 2023/24 financial year;
• An outlook for the remainder of the financial year including interest rate forecasts;
• A review of the Treasury Management Strategy Statement and Annual Investment Strategy;
• A review of the Council’s investment portfolio for 2023/2024;
• A review of the Council’s borrowing strategy for 2023/2024;
• Debt rescheduling; and
• Compliance with Treasury and Prudential indicators which in future  would be reported to the committee on a quarterly basis  .

AGREED:

That the contents of the report be received by the Governance and Audit Committee.