The Head of Financial Services has submitted a report which sets out the Council’s Treasury Management activity and performance for the financial year 2022/23.

Cabinet is recommended to:

1.      Note the report.

The Head of Financial Services had submitted a report which set out the Council’s Treasury Management activity and performance for the financial year 2022/23.

Councillor Ed Turner, Deputy Leader Statutory – Finance and Asset Management, drew attention to the favourable variance shown in the report.  This related to three factors: higher investment income; lower borrowing costs as a result of slippage on the capital programme; and lower interest received from companies.

Councillor Turner also drew attention to the Environmental Social and Governance Policy section of the report and highlighted that it was hoped to provide further detail about the Council’s performance against ERG criteria in future Treasury Management reports. 

Cabinet resolved to:

1.      Note the report.