Extract of Audit and Scrutiny Committee 17122024 (Council - TM Strategy)
Argyll and Bute Council · 20 December 2024
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ARGYLL & BUTE COUNCIL COUNCIL LEGAL AND REGULATORY SUPPORT 20 DECEMBER 2024 EXTRACT OF MINUTE OF AUDIT AND SCRUTINY COMMITTEE HELD ON 17 DECEMBER 2024 * 13. TREASURY MANAGEMENT STRATEGY AND ANNUAL INVESTMENT STRATEGY - MID-YEAR REVIEW 2024/25 Having noted that the Local Government (Scotland) Act 2003, and supporting regulations, requires local authorities to have regard to the CIPFA Code of Practice on Treasury Management and that the code requires full Council to receive an annual Treasury Management Strategy Statement, including the Annual Investment Strategy for the year ahead, a Mid-year Review Report and an Annual Report following the year end, the Committee gave consideration to a report which provided the Mid-year Review for 2024/25. Decision The Audit and Scrutiny Committee agreed to recommend to Council:- 1. that the report and the treasury activity during the period 1 April to 30 September 2024 be noted; and 2. that the changes to the prudential indicators as set out in paragraph 5.2 of the report are approved. (Reference: Report by Section 95 Officer, dated 29 November 2024, submitted)