Purpose

This report gives details of performance
against the Council’s Treasury Management Strategy Statement
2024/25.

Decision

(1) 
To note the Treasury Management Report to 31st March
2025, prepared in accordance with the CIPFA Treasury Code of
Practice.
 
(2) 
To note the Treasury Management Indicators to 31st March
2025.

Reasons for the decision

The Council approved the 2024/25
Treasury Management Strategy at its meeting in February
2024.  The Council ended the year with
total borrowing of £275.7m and total investments of
£32.6m.
 
The Council’s Treasury
Management Indicators for 2024/25 were agreed by Council in
February 2024 and all indicators are within target levels.
 
The actual average rate of return on
operational investments for the period 1st April 2024
– 31st March 2025 is 4.96%, which is 0.12% above
the 7 Day SONIA benchmark rate of 4.84%. For the same period,
strategic investments earned 4.25% which was in line the budgeted
return of 4.25%.

Alternative options considered

None.