Issue - meetings

Council is asked to approve the amendment to the Treasury Management Strategy for 2024/2025 as set out in the report.

Report to follow.

Council resolved to approve the amendment to the Treasury Management Strategy for 2024/25 as set out in the Committee report.

The Committee is asked to approve the amendment to Treasury Management Strategy for 2024/25 as set out in the report.

The Committee resolved to recommend to Council that it approves the amendment to the Treasury Management Strategy for 2024/25.

The Committee considered the report on the Change to Treasury Management Strategy – Proposed Draw down of Pooled Funds.

During the discussion on this item a number queries were raised by members:

1.    There was a difference in the two financial tables in respect of a sum of £21m as it was only outlined in one of the tables, not both,

2.    ‘Project A’ was referred to in the report but no explanation as to what this actually was,

3.    A sum of £97k was attributed to the ‘White House’ and clarification was sought by the Committee as to what this expenditure related to; and

4.    For ease of reading and understanding the financial information included within the tables, the Committee requested that headings should be included to clarify the monetary values of each column and that grid lines be used.

The Chief Finance Officer advised the Committee that all the above information requested would be provided to the Committee members and that future financial reports would be clearer and easier to read.

The Committee resolved to recommend to Council that it approves the amendment to the Treasury Management Strategy for 2024/25.

The meeting was adjourned at 20.55

The meeting reconvened at 21.05