Issue - meetings

Delyth Jones-Thomas, Cyngor Gwynedd Investment Manager to present report.

To note and accept the report for information.

The report was presented by Delyth Jones-Thomas, Cyngor Gwynedd's Investment Manager.

RESOLVED:

To note and accept the report for information.

DISCUSSION

It was highlighted that the members had approved the Corporate Joint Committee's treasury management strategy for the 2025/26 period at its June 2025 meeting. It was explained that the Corporate Joint Committee was required to have a regular update on the situation, and this update looked at the period up to 30 September 2025.

It was noted that it had been a busy time in the financial markets. Attention was drawn to section 6, where financial investments had been reported on behalf of the Joint Committee including:

·       banks and building societies

·       local authorities

·       money market funds

·       debt management office

It was stressed that it was required to invest Corporate Joint Committee funds prudently, taking into account the security and liquidity of its investments before attempting the highest rates of return. It was detailed that the objective in investing money was to strike the right balance between risk and return, ensuring that liquidity was available to pay for the day-to-day operations of the Joint Committee. It was noted that the returns over the period had been acceptable between 3.4% and 4.1%.

It was reported that the Joint Committee had investment restrictions, and this was in order to spread the risk over different organisations. It was confirmed that there had been full compliance with the restrictions. 

It was noted that officers were attending ongoing training with Arlingclose, the financial advisers, to understand market conditions.