Issue - meetings

To receive and consider the report of the Director of Finance attached.

The Principal Financial Accountant & Deputy S151 Officer presented the report which provided a mid year review on the council’s treasury management performance, compliance with prudential indicators for the period ending 30 September 2024 and updated monitoring and forecasting around interest rates.

Points highlighted within the report included the council’s current position, which had seen long term debt reduced and short term debts increase. Members were reassured however that current borrowing remained within the set borrowing boundaries already agreed. An update was also provided with regards to the consistent performance on investment returns and a pleasing increase in average yields from last year.

Members noted the positive performance in complying with prudential indicators, remaining with agreed borrowing levels and securing returns on investments.

Resolved – that the report be noted.