Issue - meetings

The Executive Councillor for Finance and Resources, Councillor B A Mickelburgh to present a report regarding Treasury Management Outturn Report 2024/25.

(The report was considered by the Overview and Scrutiny Panel (Performance and Growth) and the Cabinet at their meetings in June 2025. The Cabinet endorsed the recommendations).

To consider a report which sets out the treasury performance for the period between 1 April 2024 and 31 March 2025.

Executive Councillor: B Mickelburgh.

The Cabinet has considered and commented on the treasury management performance for 2024/25 and recommends the report to Council for consideration.

A report by the Head of Finance was submitted (a copy of which is appended in the Minute Book) providing an update on the Council’s treasury management activity during 2024/25, including investment and borrowing activity and treasury performance.

The Executive Councillor for Finance & Resources drew attention to the comments from the Overview & Scrutiny Panel and similarly commended how readable the report was.

He also made reference to a response to a question put to the Financial and Treasury Accountant during the Overview & Scrutiny Panel, which was that with DMO where it was, and with a lot of the Council’s money being in there and outperforming the money market he was comfortable with the status. Accordingly, the Cabinet were particularly pleased to note that that the Financial and Treasury Accountant was equally content.

The Executive Councillor for Finance & Resources further commended the professionalism and quality of the team and the work they were doing.

Whereupon, it was

RESOLVED

that the Cabinet considered and commented on the treasury management performance for 2024/25 and recommends the report to Council for consideration.