Purpose

The report outlines the treasury management activities of the Council in the fourth quarter of 2025/26.

Decision

RESOLVED:

a)    To note that new borrowing of £100m for the General Fund has been taken out during quarter 4, in line with the Treasury Management Strategy 2025/26.

b)    To note that this borrowing includes borrowing undertaken in line with the Council’s approval from government for Exceptional Financial Support for 2025/26.

c)     To note that the drawdown for Exceptional Financial Support was some £9.6m less than approved, thereby reducing future revenue costs by c £900,000 per annum over original estimates.

d)    To note the summary of the wider economic environment and the Council’s borrowings and investments set out in Appendix A.

e)    To note the performance within prudential indicators for quarter 4, 2025/26 in Appendix B.