Issue - meetings

To receive a report presenting an update on the Council’s treasury management activity during 2025/26, including investment and borrowing activity and treasury performance.

The Cabinet has commented on the treasury management performance for 2025/26 and recommended the report to Council for consideration.

A report by the Head of Finance was submitted (a copy of which is appended to the Minute Book) providing an update on the Council’s treasury management activity during 2025/26, including investment and borrowing activity and treasury performance.

The Executive Councillor for Finance and Resources, Councillor Harvey advised that the report was a retrospective assurance report which was positive overall, and that the Council had complied with all the relevant legislative and regulatory requirements. As it was a retrospective report, the Executive Councillor for Economy, Regeneration and Housing, Councillor B Mickelburgh, who had been the previous Portfolio Holder for Finance and Resources, introduced the report. Particular reference was made to the comments of the Overview & Scrutiny (Performance and Growth) Panel around the Council’s position on internal and external borrowing, as well as interest around the Commercial Investment Strategy, a report on which would be presented to the Panel in the autumn.

Whereupon it was

RESOLVED

that the Cabinet commented on the treasury management performance for 2025/26, and recommended the report to Council for considerationto Council for consideration.