Issue - meetings

The Executive Member for Financial Sustainability submitted a report that contained the Council’s Mid-Year Treasury Management Review for 2023/24.

Councillor Hart referred to the table on page 41, long term investments. She asked why the value of long terms investments had reduced from £19.5m to £18.9m over a 6- month period.

The Head of Strategic Finance and Property said that this related to long term property funds which were taken out 10 years ago and the value of property had fallen therefore the value of the units within the funds had fallen. He talked about the rules contained in the prudential code. Members received the report.

RESOLVED – that Members examine and comment on the Mid-Year Treasury Management Review and Prudential Indicators for 2023/24.