Audit and Scrutiny Extract for Council 26 June

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ARGYLL & BUTE COUNCIL  COUNCIL 
CUSTOMER SERVICES  26 JUNE 2025 
EXTRACT OF MINUTE AUDIT AND SCRUTINY COMMITTEE HELD ON 12 JUNE 2025 
* 12 TREASURY MANAGEMENT ANNUAL REPORT 2024-25 
Consideration was given to a report which advised that Local Government
(Scotland) Act 2003, and supporting regulations, requires local authorities to
have regard to the CIPFA Code of Practice on Treasury Management (revised
2021) and that the code requires full Council to receive an annual Treasury
Management Strategy Statement, including the Annual Investment Strategy for
the year ahead. 
Decision 
The Audit and Scrutiny Committee:- 
1. Considered the Treasury Management Annual Report 2024/25 and
noted the technical breach to the bank deposit limit outlined at
paragraph 5.2.5 of the submitted report; 
2. noted a required amendment to the actual Capital Financing
Requirement (CFR), given within the report at paragraph 5.3.15, in
respect of the actual 2024/25 Service Concession Annual Gain.  This
increases both the actual CFR movement during the year and the
balance as at 31 March 2025 by £5m.  The revised CFR as at 31 March
2025 is noted as £349m; and 
3. was content to note the detail and to refer the report, which will be
updated on this basis, to Council for noting. 
(Reference: Report by Section 95 Officer dated 4 June 2025, submitted)