Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2023/277

Contact: Tim Chapple, Treasury Manager, tim.chapple@oxfordshire.gov.uk

Report by the Executive Director of Resources and Section 151 Officer (CA9).

Cabinet is RECOMMENDED to note the council’s treasury management activity at the end of the third quarter of 2023/24.

Recommendations approved.

Cabinet considered a report on the Council’s Treasury Management performance at the end of the third quarter of the year 2023-24 (measured against the budget agreed by Council in February 2023)

The Chair presented the report which covered the management of the organisation’s borrowing, investments and cash flows, including its banking, money market and capital market transactions, the effective control of the risks associated with those activities, and the pursuit of optimum performance consistent with those risks.

The Executive Director of Resources and Section 151 Officer answered a number of questions on the report and referred, in particular, to the loss of interest as a result of the negative balance held in the dedicated schools grant fund.

The Chair moved and Councillor Roberts seconded the recommendation, and it was approved.

RESOLVED to note the council’s treasury management activity at the end of the third quarter of 2023/24.