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Issue - meetings

Treasury Management Q1 Report

 

 

Meeting: 25/09/2025 - Audit and Governance Committee (Item 85)

85 Treasury Management Q1 Report pdf icon PDF 374 KB

Purpose          

To report to the Audit and Governance Committee the quarter one Treasury Management Indicators as required by the CIPFA Treasury Management Code.

 

Recommendation      

That the Committee Resolves to:

1.         Note the contents of the report

Additional documents:

Minutes:

The purpose of the report was to provide the Audit and Governance Committee the quarter one Treasury Management Indicators as required by the CIPFA Treasury Management Code.

 

Georgina Dyer, Head of Finance, introduced the report and highlighted the following points:

 

  • It had been a quiet quarter. The exception to this was the US reciprocal trade tariffs in April which had affected markets.
  • The Council had received a generally good return from its cash and pooled funds which were £96k above budget in quarter one.
  • The Council had complied with the Prudential Indicators for quarter one.
  • The Council’s Treasury Advisors -  Arlingclose, had suggested that a further interest rate cut may be made in the year.

 

In the discussion the following points were raised:

 

  • A further explanation of the statutory override position was given to Members. It was confirmed that this had been extended to the end of the 2027/28 financial year which would coincide with Local Government Reorganisation (LGR).
  • It was confirmed that the LGA benchmarking information in the report was obtained from the Councils Treasury Advisors, Arlingclose.
  • A question was raised about the yields on specific investment properties in Carterton. The Officer agreed to return to the Member on this point.
  • A discussion was held around when the Council would need to begin to use external borrowing for its projects. It was noted that the Council was at the capacity of internal borrowing for current and planned projects. Therefore, funding major future projects in the next 12 to 18 months, may require external borrowing.

 

Resolved: The Audit and Governance Committee noted the report.

 

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