Issue - meetings

This report provides an update on treasury management performance for the first six months of 2023/24.

Following consideration of the report’s contents including options for Environmental, Governance and Sustainability (ESG) investment, the average duration of fixed term deposits, and the Council’s cash balances, the Group moved to consider the report recommendations, which were agreed as follows:

(1)          Receive the presentation from Link Asset Services – Treasury Solutions;

(2)          Note the performance on return of investments for the first six months of 2023/24;

(3)          Note the current investment decisions being made within the terms set out in the Treasury Management Strategy;

(4)          Note that 2024/25’s Treasury Management Strategy, due to be presented to Financial Strategy Advisory Group in January 2024, will continue to be based on the local government template provided by sector specialist Link Asset Solutions.