Issue - meetings

This report sets out the monitoring of the Council’s Treasury Management function for the period 1 April 2025 to 31 March 2026.

An underspend of £1.1m was the achieved against budget. The council saw higher than expected cash balances during the year increasing interest receivables from investments. This resulted from borrowing being arranged in advance of needs, at preferential rates, to ensure availability in March. The ability to utilise lower borrowing rates than budgeted also resulted in an underspend on sort term borrowing costs.

The report also sets out the Quarter One performance for 2026/27 which forecasts no variance to budget.