Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2024/164

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 in the first half of 2024/25 and recommend Council to note council’s treasury management activity in the first half of 2024/25

Recommendations approved.

(Councillor Leffman resumed the Chair)

The Chartered Institute of Public Finance and Accountancy’s (CIPFA’s) ‘Code of Practice on Treasury Management 2021’ requires that committee to which some treasury management responsibilities are delegated, will receive regular monitoring reports on treasury management activities and risks. Cabinet received a report which set out the position at 30 September 2024.

Councillor Dan Levy, Cabinet Member for Finance, presented the report. The report provided insights into the council's investment strategies, borrowing activities, and overall financial health. The councillors discussed the importance of maintaining a balanced and prudent approach to treasury management to ensure the council's financial stability and sustainability.

Councillor Levy moved and Councillor Sudbury seconded the recommendations and they were approved.

RESOLVED to note the council’s treasury management activity in the first half of 2024/25 and recommend Council to note the council’s treasury management activity in the first half of 2024/25.