Issue - meetings
SECOND QUARTER TREASURY MANAGEMENT REVIEW 2025/26
Meeting: 20/01/2026 - Cabinet (Item 15)
15 SECOND QUARTER TREASURY MANAGEMENT REVIEW 2025/26 
PDF 165 KB
REPORT OF THE DIRECTOR – RESOURCES
To update Cabinet on progress with delivering the Treasury Strategy for 2025/26, as at the end of September 2025.
Additional documents:
Decision:
RESOLVED: That Cabinet:
RECOMMEND TO COUNCIL: That it notes the position of Treasury Management activity as at the end of September 2025.
REASONS FOR RECOMMENDATION: To ensure the Council’s continued compliance with CIPFA’s code of practice on Treasury Management and the Local Government Act 2003 and that the Council manages its exposure to interest and capital risk.
Minutes:
Audio recording – 1 hour 21 minutes 41 seconds
In the absence of the Chair of Finance, Audit and Risk Committee, the Chair invited Councillor Ian Albert, as Executive Member of Finance and IT, to present the referral and report entitled ‘Second Quarter Treasury Management Review 2025/26’. Councillor Albert advised that:
· There had been discussions at Finance, Audit and Risk regarding the over-investment of £1M in the period and that a further step had been added to the process to help ensure an over-investment did not happen again.
· There had also been a discussion around how local authority investments were secure even when a Council had been issued with a Section 114 notice, which meant that any investments with that Council had to be repaid.
· This report contained information regarding the investment of the surplus funds of the Council.
· It was positive that the forecast investment returns were higher than forecast.
· It had been highlighted at Finance, Audit and Risk that the estimates for 2026/27 would be reviewed as part of the budget setting process.
· Details of the total interest earned to date as well as the forecast to year end were outlined in paragraph 8.3 of the report.
· The percentages of investment split were set out paragraph 8.4 of the report.
· Full details of investments including the risk of default and credit rating details could be found in paragraph 8.5 of the report.
· Following a motion from Full Council and the end of 2025, a meeting had been arranged with the investment advisor to the Council to undertake a review of the Investment Strategy and the outcome would be reported back to Cabinet and Full Council as part of agreeing the Investment Strategy for 2026/27.
Councillor Ian Albert proposed and Councillor Mick Debenham seconded and, following a vote, it was:
RESOLVED: That Cabinet:
RECOMMEND TO COUNCIL: That it notes the position of Treasury Management activity as at the end of September 2025.
REASONS FOR RECOMMENDATION: To ensure the Council’s continued compliance with CIPFA’s code of practice on Treasury Management and the Local Government Act 2003 and that the Council manages its exposure to interest and capital risk.