Decision
Analysis
outcome: The recommendations in the report were approved by the Cabinet.
summary: The decision at stake is the approval of the 2024/25 Annual Treasury Management Review Report.
topline: The Cabinet has decided to approve the recommendations in the 2024/25 Annual Treasury Management Review Report.
reason_contentious: This issue is not contentious as it mainly focuses on financial management and administration.
affected_stakeholders: ["Cabinet members", "Council finance department"]
contentiousness_score: 0
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://democracy.middevon.gov.uk/ieDecisionDetails.aspx?ID=1288
Decision Maker: Cabinet
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: Cabinet had before it a report * from the Deputy Chief Executive (S151) and the Head of Finance, Property and Climate Resilience on the 2024/25 Annual Treasury Management Review Report. The Cabinet Member for Governance, Finance and Risk outlined the contents of the report with particular reference to the following: Treasury management was a specialist area that required a number of important indicators to be approved. The level of capital expenditure for the year and how it had been funded, either through existing resources or through increasing the funding requirement. The Council maintained an under-borrowed position, meaning it was able to use reserves, balances and cash flow to meet that funding requirement without the need for external borrowing. The report set out the limits for borrowing, showing that the Council was well within them and the timeframes for the repayment of the existing external loans. Investments conformed to the approved strategy and there were no liquidity difficulties. Indeed, healthy returns from investments were achieved averaging 4.89%, helping to invest in service delivery. All regulations were adhered to, all policies were complied with and no external borrowing was required. RESOLVED that: The treasury activities for the year be NOTED. That Cabinet recommend to Full Council that the actual 2024/25 prudential and treasury indicators in this report be APPROVED. (Proposed by Cllr J Downes and seconded by Cllr J Wright) Reason for Decision: Good financial management and administration underpinned the entire document. The Council’s treasury position was constantly reviewed to ensure its continued financial health. Note: *Report previously circulated
Date of Decision: June 17, 2025