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Issue - meetings

Treasury Management Outturn

 

 

Meeting: 23/07/2024 - Audit and Governance Committee (Item 283)

283 Treasury Management Outturn pdf icon PDF 316 KB

Purpose          

To receive and discuss details of the Council’s Treasury management performance for the period 01 April to 31 March 2024.

 

Recommendation      

That the Audit and Governance Committee resolves to:

1.            Consider the Council’s Treasury Management performance for the period 1 April 2023 to 31 March 2024.

2.            Agree any comments to be passed to full Council when considering this item.

 

Additional documents:

Minutes:

The purpose of the item was to receive and discuss details of the Council’s Treasury management performance for the period 01 April 2023 to 31 March 2024.

 

The Deputy Chief Executive (Chief Finance Officer) introduced the report. The report set out the summary position, which was that the Council invested its cash balances with a net surplus of £0.967m against the original budget set in February 2023 of £0.719m.

 

Members discussed the report, raising various questions which officers provided responses to;

  • The cash plus fund was rolled into investments for the following year.
  • The Council was taking ongoing advice as to investment risk from Arlingclose as part of their regular financial reporting.
  • The difference between the actual and balance on page 68 should read 0.023 instead of 0.03, this would be updated by the officers.

 

RESOLVED: That the Audit and Governance Committee NOTED the report.

 

 

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