Issue - meetings
Quarter 3 Treasury Management Performance
Meeting: 19/03/2026 - Audit and Governance Committee (Item 115)
115 Quarter 3 Treasury Management Performance 
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Purpose:
To report to the Audit and Governance Committee the quarter three Treasury Management Indicators as required by the CIPFA Treasury Management Code.
Recommendation:
That the Audit and Governance Committee Resolves to:
1. Note the contents of the report.
Additional documents:
Minutes:
Georgina Dyer, Head of Finance, presented the item the purpose of which was to report to the Audit and Governance Committee the quarter three Treasury Management Indicators as required by the CIPFA Treasury Management Code.
In the presentation the Head of Finance made the following points:
- The performance in quarter three had been largely consistent with that in quarter two and showed a positive outcome in interest earned and the capital value of pooled funds.
- The outturn position may be different in the longer term due to world events such as the ongoing conflict in Iran and the Middle East and this was difficult to forecast.
- Interest rates had not been cut as anticipated.
In the discussion the following points were raised:
- Members queried if CCLA had been sold. Officers were not aware of this being the case however it was noted that funds did move ownership rather than close and this did not normally have an impact on the fund itself.
Councillor Carl Rylett, Chair of the Audit and Governance Committee, proposed the recommendations of the report. This proposal was seconded by Councillor Elizabeth Poskitt.
The Audit and Governance Committee Resolved to:
1. Note the contents of the report.