Issue - meetings

To consider a report of the Director of Finance (Section 151 Officer).

The report provides a mid-year review of the council’s Treasury Management Strategy Statement and Annual Investment Strategy for 2024/25, approved by council on 22 February 2024, and has been prepared in accordance with the Chartered Institute of Public Finance Accountancy (CIPFA) Code of Practice for Treasury Management in the Public Services (revised 2021).

The Scrutiny Committee is recommended to:

(1)  Note the report and the treasury activity in the first half of the financial year.

(2)  Note the Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy for 2024/25 approved in February 2024 will continue to be followed considering the forecasts and conclusion set out in the report

(3)  Note the revised interest rate forecasts for PWLB rates over the short and medium term which will drive the council’s long-term borrowing strategies going forward.

Officer contact: Lorna Soufian on 0161 474 4026 or email lorna.soufian@stockport.gov.uk