Issue - meetings

Report of Cabinet Member for Finance and Assets, Councillor Peter Jeffries

RESOLVED THAT:

-       the contents of the summary report of the treasury management activity during the first six months of 2025/26 are noted.

The Cabinet Member for Finance and Assets introduced the report, which was discussed at Full Council on Monday, saying it was a regulatory requirement to report and review the first six months of the financial year.  He confirmed that general fund borrowing costs and investment returns are on target as forecast in the budget for 2025-26, a testament to the hard work of the team, and that CBC is insulated to some degree from volatility in relation to borrowings, having a decent amount on fixed rates, and that short-term borrowing is coming down.

A Member commented that it would be helpful to have a bit more explanation and narrative around the different descriptions of market volatility, to give context to people who are not experts in treasury management.

The Cabinet Member for Finance and Assets said it was difficult under the budgetary process  to have a  very descriptive narrative, but he could see that this would be useful and undertook to have a conversation with the team to provide more narrative and a more reader-friendly way of describing things. 

RESOLVED THAT:

-       the contents of the summary report of the treasury management activity during the first six months of 2025/26 are noted.