Issue - meetings

The Council considered a report giving details of performance against the Council’s Treasury Management Strategy for the first six months of 2025/26.

On a motion from Councillor Mark Elliott, seconded by Councillor David Biddleston, it was

RESOLVED unanimously to note;

1.  The Treasury Management Report to 30^th September 2025, prepared in accordance with the CIPFA Treasury Code of Practice; and

2.  The Treasury Management Indicators to 30^th September 2025.

The report gives details of performance against the Council’s Treasury Management Strategy for the first six months of 2025/26.

Cllr Mark Elliott, Cabinet Member for Resources, introduced the item, moved the officer recommendation and made the following points:

·  Borrowing Position: At 30 September our borrowing stands at £278 million, which is well within the authorised limit and operational boundary approved by the Council. We have not undertaken any new long-term borrowing in the first half of the year, reflecting our strategy to minimise costs and maintain flexibility.

·  Investment Performance: Our liquid balances were at £41.8m primarily invested in highly secure counterparties. The average return achieved was 4.19%, which is above the benchmark and reflects the continued high-interest rate environment.

·  Compliance: All treasury activity is carried out in full compliance with the CIPFA Code of Practice and the Council’s own Treasury Management Strategy. All the prudential indicators remain within approved limits.

·  The Council’s treasury management remains prudent, compliant and aligned with strategy.  There are strong investment returns while maintaining flexibility and managing risk.

Cllr Paul Roper seconded the motion.

RESOLVED (unanimously):

(1)  To note the Treasury Management Report to 30th September 2025, prepared in accordance with the CIPFA Treasury Code of Practice

(2)  To note the Treasury Management Indicators to 30th September 2025.