Issue - meetings
SECOND QUARTER TREASURY MANAGEMENT REVIEW 2025/26, 20/01/2026 Cabinet
Meeting: 29/01/2026 - Council (Item 72)
72 SECOND QUARTER TREASURY MANAGEMENT REVIEW 2025/26 
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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 Council noted the position of Treasury Management activity as at the end of September 2025.
REASON FOR DECISION: 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 – 6 minutes 59 seconds
N.B. Councillor Paul Ward declared an interest due to his employment and left the Chamber for the duration of the item.
Councillor Ian Albert, as Executive Member for Resources presented the referral from Cabinet and the report entitled ‘Second Quarter Treasury Management Review 2025/26’ and advised that:
· This report provided an update on the investment of surplus cash.
· It was positive to note that the investment returns had increased to nearly £2M.
· Estimates for 2026/27 would be reviewed as part of the budget setting process.
· This report highlighted a breach of the treasury strategy and the extra control put in place to ensure this would not happen again.
· Details of total interest earnt to date was highlighted in paragraph 8.3 of the report.
· The percentage split of investments was set out in a table in paragraph 8.4 of the report.
· Full details of investments including risks and credit ratings were detailed in paragraph 8.5 of the report.
· Following a motion from Council, a meeting had now taken place with the Council’s treasury management adviser and an outcome report would be provided to Cabinet and Council as part of the Investment Strategy for 2026/27.
Councillor Ian Albert proposed and Councillor Val Bryant seconded and, following a vote, it was:
RESOLVED: That Council noted the position of Treasury Management activity as at the end of September 2025.
REASON FOR DECISION: 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.
N.B. Councillor Paul Ward returned to the Chamber at 19.40.