Treasury Management is defined as:
“The management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks."
External debt: We currently have external debt of £63m attributable to our housing stock, which is approximately 4,270 properties.
Investment portfolio: At 31 March 2025 totalled £60.1m and averaged £63.3m over the year. Managing the portfolio involves around 100 money market transactions during the year, all of which are managed in-house.
Capital projects: We spent approximately £23.728m on capital projects during the 2023/24 financial year.
Capital spending: Approximately £43.056m has been allocated for Capital spending during 2024/25.
The council has adopted the CIPFA code of practice for Treasury Management. We seek to identify, manage and control risk as a prime priority. Optimising returns is seen as secondary, but still important.
TREASURY MANAGEMENT PRACTICES (2025-26)