Issue - meetings
Treasury Management Outturn Quarter 4
Meeting: 26/06/2025 - Audit and Governance Committee (Item 73)
73 Treasury Management Outrun Quarter 4 
PDF 512 KB
Purpose:
To advise members of treasury management activity and the performance of internal and external fund managers for 2024/25
Recommendation:
That the Audit and Governance Committee resolves to:
1. Note the Treasury Management and performance of internal and external funds for 2024/25.
Additional documents:
- Annex A SCHEDULE OF CASH INVESTMENTS OUTSTANDING AT 31 MARCH 2025, item 73
PDF 180 KB
- Webcast for Treasury Management Outrun Quarter 4
Minutes:
The purpose of the report was to advise members of treasury management activity and the performance of internal and external fund managers for 2024/25.
Georgina Dyer, Chief Accountant, introduced the report and highlighted the following points:
- The report included summaries of investment income achieved from long-term, pooled and short-term investment funds. Also included were cash balances and the capital value of funds.
- The Council had complied with the majority of the Prudential Indicators that were required for 2024/25. The one Prudential Indicator not complied with was interest rate exposure. Non-compliance with this indicator was not considered a concern.
In the discussion the Committee noted:
- Following Council submissions on LGR in November further guidance on the balance of portfolios would be expected from Central Government. It was noted that it was likely that funds would be kept running for several years before these could be aligned with other authorities following LGR and the establishment of a successor Unitary Authority.
- The Council had multiple managed funds in major financial institutions. These funds were considered long-term safe investments. These funds were near cash liquid investments that were held as an alternative to seeking external borrowing. At present the Council was happy with its managed funds and advisors, however these were regularly reviewed. Circumstances in which alternatives to such funds would be considered were explored in the discussion.
Councillor Carl Rylett proposed noting the report. This proposal was seconded by Councillor Ruth Smith, was put to the vote and agreed by the Committee.
Resolved:
That the Audit and Governance Committee:
1. Noted the Treasury Management and performance of internal and external funds for 2024/25.