Issue - meetings
Treasury Management Update Quarter 2 2024/25
Meeting: 04/12/2024 - Cabinet (Item 242)
242 Treasury Management Update Quarter 2 2024/25 
PDF 293 KB
Lead Member – Councillor Gwilym Butler, Portfolio Holder for Finance, Corporate Resources and Communities
Lead Officer - Ben Jay
Additional documents:
- 20241204 Appendix A - Shropshire Council Monthly Investment Report September 2024, item 242
PDF 251 KB
- 20241204 Appendix B Prudential Indicators for Quarter 2, item 242
PDF 102 KB
- 20241204 Appendix C Prudential Borrowing Approvals, item 242
PDF 822 KB
- 20241204 Appendix D Economic Background and Borrowing Update, item 242
PDF 167 KB
Decision:
RESOLVED:
That Cabinet reviewed the position as set out in the report:
1. Noting the summary of the wider economic environment and the Council’s borrowings and investments set out in Appendix A.
2. Noting the performance within prudential indicators for quarter 2, 2024/25 (Appendix B)
Minutes:
The Portfolio Holder for Finance, Corporate Resources and Communities presented the report which outlined the treasury management activities of the Council in the second quarter of 2024/25.
In response to a query regarding a cash shortage at the end of June and how it is being managed to avoid recurrence, the Portfolio Holder explained that historically, the council had been cash-rich, but now it was moving towards a position common among other councils.
RESOLVED:
That Cabinet reviewed the position as set out in the report:
1. Noting the summary of the wider economic environment and the Council’s borrowings and investments set out in Appendix A.
2. Noting the performance within prudential indicators for quarter 2, 2024/25 (Appendix B)