Issue - meetings

That the Treasury Management Outturn Report for 2023/24 be noted and approved.

Councillor Rowan Ree presented the report providing and overview of the Council’s Treasury Management Outturn over the previous financial year.

Despite the challenging strategic financial environment, the Council operated within the Treasury Limits and Prudential Indicators and met all of its prudential indicators. Councillor Ree paid special tribute to Phill Triggs, Director of Treasury and Pensions, and his team for their excellent Treasury Management.

Councillor Ree added that the Council had launched the largest ever Local Government ‘Green Bond’ on the previous year and had reduced the Council’s overall levels of borrowing.  There had been two tranches of ‘Green Bonds’ over the last 18 months raising £1.7m so far, with a limit set of £5m to go towards local projects dealing with climate change mitigations issues and green projects in the Borough.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS:

That the Treasury Management Outturn Report for 2023/24 be noted and approved.