Issue - meetings

To receive the half yearly monitoring report on treasury management activities for 2025/2026.

Contact: James Anderson, Accountancy

That the half yearly treasury management activity 2025-2026 be noted and that the report be referred to the meeting of Council on 21 January 2026.

(Under the provision of Council Procedure Rule 36(1), Cabinet received  representations from Councillors Darwan, Scott and H Zaman).

Cabinet received a report which set out the treasury management performance during the first half of 2025/2026, prior to its submission to Council.

The report provided assurance that the Council’s treasury management function was being managed prudently and pro-actively and that the Council complied with its treasury management prudential indicators in the year, as set out at Appendix 4. 

The report advised that external investments, including the £10.0 million Local Authority Property Fund (LAPF), averaged £98.8 million during the period at an average rate of 4.21% and that investments ranged from a peak of £139.2m million in July 2025 to a low of £58.0 million in April 2025. It advised that the Council’s net borrowing increased by £10.2 million in the 6 month period, from £715.4 million at 31 March 2025 to £725.6 million at 30 September 2025. It was noted that the treasury management revenue budget for 2025/26 was £36.1 million.

Cabinet noted that all treasury management activities undertaken during the period complied fully with the principles in the Treasury Management Code and the Council’s approved Treasury Management Strategy.

RESOLVED - That the half yearly treasury management activity 2025-2026 be noted and that the report be referred to the meeting of Council on 21 January 2026.