Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: October 15, 2025

Purpose: The report reviews the Council’s Treasury Management activities for the year 2024/25. It is prepared in accordance with the requirements of the Chartered Institute of Public Finance and Accountancy (CIPFA) codes of practice in respect of capital finance and treasury management. The codes recommend that Members are advised of the treasury management activities for the whole of each financial year and of compliance with the various strategies and policies agreed by the Council. The report:   • Reviews compliance with the Treasury Management Strategy Statement, Capital Strategy and Annual Investment Strategy as agreed by full Council (Budget Council) on 6 March 2024 (Minute 106/24 applies) and updated on 11 December 2024 (Minute 164/24 applies); • Reviews treasury borrowing and investment activity for the period 1 April 2024 to 31 March 2025; • Demonstrates compliance with the CIPFA Code on Treasury Management and Treasury Management in the Public Services Guidance notes for Local authorities to which the Council must have regard in exercising these functions; and • Demonstrates compliance with agreed Treasury and Prudential Indicators and the CIPFA 2021 Prudential Code for Capital Finance.

Content: For the reasons set out in the report, the Executive Mayor and Cabinet AGREED to:   a) Consider the recommendations from Audit and Governance Committee on 18 September 2025 relating to this report.   b) Consider the contents of this report and associated appendices.   c) Recommend to Full Council that it approves the actual 2024/25 prudential and treasury indicators in this report as set out in Appendix E and notes the contents of this report and associated appendices.