Issue - meetings

To comment on the Treasury Management Outturn Report 2023/24.

Executive Councillor: B Mickelburgh

By means of a report by the Director of Finance and Resources (a copy of which was appended in the Minute Book), the Treasury Management Outturn Report 2023/24 was presented to the Panel.

In response to questions from Councillor Blackwell, the Panel heard that the Council did hold loans against the Fareham site and that although the unit had a current book value less than the cost of loan, it was anticipated to rise in line with the market. The Panel were further assured that the property portfolio had proved to be a sound long-term investment over the years and the book value of the Fareham site was affected by it’s current empty state but that there had been significant interest which gave the team every confidence that this would improve once re-let.

Following the discussion, it was

RESOLVED

That the comments of the Overview and Scrutiny Panel be passed to Cabinet for their consideration when making a decision upon the recommendations within the report.