Issue - meetings

To consider the report of the Director Finance.

Agreed:

RECOMMENDED that Council note the Treasury Management report in respect of the first six months of the 2023/24 financial year.

Reason for Decision: As set out in the report.

The Executive received the statutory report on the current Treasury Management performance for the 2023/24 financial year and the position regarding investments and borrowings at 30 September 2023.

The report set out the Surplus cash invested and borrowing status, based on actual external borrowing and a new section was included in the report, which detailed the projected position in respect of statutory repayments of debt on the General Fund.

Particular reference was made to the HRA having closer to £600,000 extra than originally budgeted for, owing to higher interest rates and higher surplus cash positions. There was a projected small variation in the repayment of debt provision, and there had been no external borrowing in the current year.

RECOMMENDED that Council note the Treasury Management report in respect of the first six months of the 2023/24 financial year.