Agenda item

Consideration of recommendations of the Audit Committee in respect of updates provided on investments undertaken during the period April to July of the current financial year and incorporates a mid-year review of the Treasury Management and Annual Investment Strategy for 2025/26.

Consideration was given to the recommendations of the Audit Committee in respect of the treasury management performance mid-year review for 2025/26.

Due regard was given to the views of the Committee and Members noted that the Borough Council had operated within the treasury limits and prudential indicators set out in the Annual Investment Strategy and in compliance with Treasury Management Practices and Prudential and Treasury Indicators.  Cllr Cannon proposed, Cllr Lark seconded and Council

RESOLVED:  That

(1)             the action taken in respect of Treasury Management activity for April to July 2025 be endorsed;

(2)             the inclusion of Ethical Investments to the existing parameters intended to limit the Borough Council’s exposure to investment risks be endorsed; and

(3)             the current position in respect of the Lothbury and Hermes Property Investment Funds be noted.