Issue - meetings

Treasury Management Monitoring Outturn 2024/25 and update for Quarter 1 2025/26

 

 

Meeting: 24/07/2025 - Audit and Governance Committee (Item 9.)

9. Treasury Management Monitoring Outturn 2024/25 and update for Quarter 1 2025/26 pdf icon PDF 549 KB

This report sets out the monitoring of the Council’s Treasury Management function for the period 1 April 2024 to 31 March 2025.

A deficit of £2.1m was the final position as the Council continues to borrow to fund the accumulating deficit on its Dedicated Schools Grant (DSG). Borrowing is also at higher-than-expected interest rates due to volatility in current debt costs.

The report also sets out the Quarter One performance for 2024/25 which forecasts an underspend of £0.3m due to the Councils ability to borrow in the local authority market at lower than budgeted interest rate.