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HBC Report Midyear Treasuryreport

Committee report · Cabinet · Mon 1 Dec 2025 · Hastings Borough Council · agenda item 10 · the whole meeting

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What it recommends

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What the meeting decided

The minutes record: Noted. “RESOLVED : Cabinet recommends the following to Full Council: Note the report, the treasury activity and recommend approval of any changes to the prudential indicators. Reasons: To ensure that Members are fully aware of the activities undertaken in the last quarter, that the Codes of Practice have been complied with and that the Council's Treasury Management strategy is effective and does not need revising. Under the Code adopted the Full Council are required to consider the report and any recommendations made.” minutes ↗

In plain English

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Recommended · This went to the meeting on Mon 1 Dec 2025. What was decided is in that meeting's minutes.

The average level of funds available for investment was £21.6m during the first half of the year, with a weighted average portfolio return of 4.20% as at 30 September 2025. p4p5

The Council's budgeted investment return for 2025/26 is £1,178,000, with forecast performance for the year expected to slightly exceed budget. p7

The Council had outstanding external debt of £63.7m across 22 loans from the Public Works Loan Board at an average interest rate of 2.81%, and undertook no new borrowing during the quarter ended 30 September 2025. p8p9

Cabinet is asked to recommend to Full Council that it note the report and the treasury activity, and recommend approval of any changes to the prudential indicators. p11p12

1 further sentence of this summary was held back by verification and is not shown. We only publish claims that survived checking against the cited passages.

Show the 7 passages this is based on
  • p4• The average level of funds available to Council for investment purposes during the first half of the financial year was £21.6m.
  • p5• The weighted average return of the portfolio as at 30th September 2025 was 4.20%.
  • p7• The Council’s budgeted investment return for 2025/26 is £1,178,000 with forecast performance for the year expected to slightly exceed budget.
  • p8• The Council has outstanding external debt of £63.7m comprising of 22 individual loans from the PWLB with an average rate of interest of 2.81%.
  • p9• No borrowing was undertaken during the quarter ended 30th September 2025.
  • p11Cabinet is asked to recommend the following to Full Council:
  • p12Note the report, the treasury activity and recommend approval of any changes to the prudential indicators.

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