Lead Member: Councillor Roger Evans, Portfolio holder for Finance

Lead Officer: Cheryl Sedgley, Head of Financial Management & Reporting

RESOLVED:

a)    To note that new borrowing of £100m for the General Fund has been taken out during quarter 4, in line with the Treasury Management Strategy 2025/26.

b)    To note that this borrowing includes borrowing undertaken in line with the Council’s approval from government for Exceptional Financial Support for 2025/26.

c)     To note that the drawdown for Exceptional Financial Support was some £9.6m less than approved, thereby reducing future revenue costs by c £900,000 per annum over original estimates.

d)    To note the summary of the wider economic environment and the Council’s borrowings and investments set out in Appendix A.

e)    To note the performance within prudential indicators for quarter 4, 2025/26 in Appendix B.

The Portfolio Holder for Finance outlined the treasury management activities of the Council in the fourth quarter of 2025 – 2026 highlighting the economic environment in which decisions had been made.  All activity was aligned with the Council mid-year Treasury update strategy and prudential indicators. 

RESOLVED:

a)    To note that new borrowing of £100m for the General Fund has been taken out during quarter 4, in line with the Treasury Management Strategy 2025/26.

b)    To note that this borrowing includes borrowing undertaken in line with the Council’s approval from government for Exceptional Financial Support for 2025/26.

c)    To note that the drawdown for Exceptional Financial Support was some £9.6m less than approved, thereby reducing future revenue costs by c £900,000 per annum over original estimates.

d)    To note the summary of the wider economic environment and the Council’s borrowings and investments set out in Appendix A.

e)    To note the performance within prudential indicators for quarter 4, 2025/26 in Appendix B.