Issue - meetings

The Chairman of the Corporate Policy and Resources Committee presented the report, which sought approval of the Mid-Year Treasury Report 2025/26 and changes to prudential indicators.

The report had been presented to the Corporate Policy and Resources Committee, where it had been fully considered and debated and stood referred to Council for approval.

Members were advised that the report was required to comply with the CIPFA code of practise on treasury management and also served to keep Members updated with the current treasury position and wider global economics.

There had been no breaches of the Council’s prudential indicators in the first half of the year. The report  (Sections 5.1,6.1, and 6.2) detailed the movements in the Council’s prudential indicators which had changed due to a revised capital programme for 2025/26.

Appendix B set out the latest list of approved countries for investment as at 30September but typically the Council only invested within the UK.

Members asked a number of pertinent questions which were responded to accordingly.

With the recommendation duly proposed and seconded, on being put to the vote it was

RESOLVED that the recommendation from the Corporate Policy and Resources Committee be accepted and as such the Mid-Year Treasury Management Report and treasury activity be noted and the changes to Prudential Indicators as detailed at Sections 5.2, 6.1 and 6.2 of the report be approved.