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).