Issue - meetings

This report presents the Council’s treasury management performance in 2024/25.

The Group received a report presenting the Council’s treasury management performance in 2024/25.

Members discussed the following issues:

·                     The purpose of the interest equalisation reserve; whether its current level is appropriate; falling interest rates and cash balances and their impact on treasury management income; and the amount of treasury management income budgeted for within the 2025/26 budget.

·                     The nature of the Council’s cashflow, peaks and troughs and how this influences the way in which the Council utilises the different forms of investments available, such as fixed-terms deposits, money market funds and its interest-bearing account.

·                     How the Treasury Management Strategy governs how officers can invest Council funds.

·                     The drop in level of investments from £23.2m in March 2024 to £19.8m in March 2025 and how this can be seen in the decrease in the balance of useable reserves in the Council’s 2024/25 Statement of Accounts.

Following consideration of the above matters and the report’s contents, the Group moved to consider the report recommendations, which were agreed as follows:

(1)          Receive the report on the Council’s treasury management performance in 2024/25;

(2)          Receive the 2024/25 prudential indicators.