Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2023/140

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

Report by Director of Finance (CA10).

Cabinet is RECOMMENDED to note the council’s treasury management activity in the first half of 2023/24 and recommend Council to note council’s treasury management activity in the first half of 2023/24.

Recommendations approved.

Cabinet considered a report on the Council’s Treasury Management performance for the first half of the year (1April to 30 September 2023)  measured against the budget agreed by Council in February 2023

The activities 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 Chair referred to two corrections to the report:-

Line 12 states "8 LOBO loans totalling £45m", but it should have read "8 LOBO loans totalling £40m

Paragraph 5, total debt was £297m not £302m as stated in the report

Councillor Dan Levy, Cabinet Member for Finance, presented the report and welcomed the Council’s performance in treasury management illustrated in the report.

The Chair expressed thanks to the officers in the Treasury Management for their hard work.

RESOLVED to note the Council’s treasury management activity in the first half of 2023/24 and recommend Council to note the Council’s treasury management activity in the first half of 2023/24.