Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2024/163

Contact: Tim Chapple, Treasury Manager,

Tim.chapple@oxfordshire.gov,uk

Report by  Executive Director of Resources and Section 151 Officer (CA14)

Cabinet is RECOMMENDED to note the council’s treasury management activity at the end of the first quarter of 2024/25.

Recommendations approved.

The Chartered Institute of Public Finance and Accountancy’s (CIPFA’s) ‘Code of Practice on Treasury Management 2021’ required that the committee to which some treasury management responsibilities are delegated, would receive regular monitoring reports on treasury management activities and risks. Cabinet had before it a report which was the third for the 2024/25 financial year and set out the position at 30 June 2024.

Councillor Dan Levy, Cabinet Member for Finance, presented the report, The Council operated within its prudential indicators, with no new external debt taken or repaid during the quarter. The report indicated a strong financial performance in terms of investment returns, which helped offset some overspends in other areas.

Councillor Levy moved and Councillor Ley seconded the recommendation, and it was approved.

RESOLVED to note the council’s treasury management activity at the end of the first quarter of 2024/25.