Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: June 19, 2025

Purpose: To demonstrate that the Council’s treasury function has effectively managed the Council’s debt and cash balances to support the funding of the delivery of the Council’s key priorities

Content: RESOLVED that the Executive supported and noted the Treasury Management Outturn Report 2024-25 and recommended that Council note:   1) that all approved indicators set out in the Treasury Management Strategy have been adhered to; with the exceptions of the following; • Ratio of financing costs to net revenue stream – HRA (reported in mid-year) • Gross External Borrowing – HRA   2) As at the end of March 2025, the total external general fund debt was £109m, which reduces to £99m after taking into account cash balances (net indebtedness) reducing interest costs in the current economic climate. This was an improved position from the forecast at mid-year stage of £118m external borrowing and £108m net indebtedness.   3) A reduction in capital financing requirement (CFR) at 31st March 2025 representing an improved position to £368m from £392m forecast in the mid-year report. This was achieved through reducing in year capital spending and maintaining significant levels of debt repayment (MRP).