The Group Finance Director submitted a report to Cabinet to report on the performance of the Treasury Management function for the 6 months to 30 September 2025.

Cabinet is recommended to:

1.    Note the performance of the Treasury Management function for the six months to 30^th September 2025.

Cabinet resolved to:

1. Note the performance of the Treasury Management function for the six months to 30^th September 2025.

The Group Finance Director submitted a report to Cabinet to report on the performance of the Treasury Management function for the 6 months to 30 September 2025.

Nigel Kennedy, the Group Finance Director, presented the report. He said that this was the mid term report, as of the end of September 2025.  He said that the report shows that investments are around 66 million, and they have favourable variance on interest. He said that this would be reflected in the latest budget report coming to Cabinet in the next month. He presented how investments in the core funds were performing. He said that they had fared well compared to other local authorities and that they had fared well considering the risk they had taken on.

Councillor Munkonge said that it was a good report. He noted the concerns in the broader market and indications that it could have a downturn. He asked what mitigation work they would be doing to prevent any negative impacts of this possibility on the Council.

The Group Finance Director discussed how their investments operated and to what extent this provided them with protection. He said that they have certain overrides as a local authority and that they have significant reserves to protect them.

Cabinet resolved to:

1. Note the performance of the Treasury Management function for the six months to 30^th September 2025.