Treasury Management is defined as:
“The management of the local authority’s investments and cash flows, 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."
External debt: We currently have external debt of £63m attributable to our housing stock, which is approximately 4,290 properties.
Investment portfolio: At 31 March 2024 totalled £59.108m and averaged £67.4m over the year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.
Capital projects: We spent approximately £18.765m on capital projects during the 2022/23 financial year.
Capital spending: Approximately £38.214m has been allocated for Capital spending during 2023/24.
The Council has adopted the CIPFA code of practice for Treasury Management. We seek to identify, manage and control risk as a prime priority. Optimising returns is seen as secondary, but still important.
TREASURY MANAGEMENT PRACTICES (2024-25)