The Audit and Risk Management Panel of Greenwich Council was scheduled to discuss the Treasury Management and Capital Strategy for 2026/27, including Prudential Indicators and Minimum Revenue Provision arrangements. The Panel was also set to review the 2024/25 Statement of Accounts, considering the Audit Completion Reports and any required amendments.

Treasury Management and Capital Strategy 2026/27

The Panel was scheduled to consider the Treasury Management Strategy and the Capital Strategy for the upcoming financial year 2026/27. This included reviewing the Prudential Indicators for the period 2024/25 to 2028/29 and noting the arrangements for determining the Minimum Revenue Provision for 2026/27. These strategies are crucial for the Council's financial planning and investment decisions, ensuring they are affordable, proportionate, prudent, and sustainable. The Treasury Management Strategy outlines how the Council will manage its borrowing, investments, and cash flows, while the Capital Strategy sets the framework for long-term financial planning and investment to achieve strategic objectives. The Prudential Indicators provide a measure of the Council's capital programme's affordability and prudence, and the Minimum Revenue Provision policy dictates how the Council repays debt used to finance capital expenditure.

Statement of Accounts 2024/25

A significant item on the agenda was the consideration of the 2024/25 Statement of Accounts. The Panel was scheduled to review the Audit Completion Reports from the external auditors, Forvis Mazars LLP, for both the Royal Borough of Greenwich Council and the Royal Borough of Greenwich Pension Fund. These reports detail the findings of the audit and highlight any required amendments to the draft accounts. The Panel was expected to comment on these reports and any proposed amendments before they are presented to the full Council for final approval. The Audit Completion Reports are a key part of the statutory audit process, ensuring that the financial statements are accurate and comply with accounting standards.

Action Log

The Panel was also scheduled to receive an update on the current Action Log. This log tracks actions agreed at previous meetings and their progress towards completion, ensuring accountability and follow-through on decisions made by the Panel.

Declarations of Interest

As is standard practice, members were scheduled to declare any personal and financial interests in the items on the agenda to ensure transparency and impartiality in the decision-making process.

Minutes of Previous Meeting

The Panel was due to confirm the accuracy of the minutes from their previous meeting held on 21 January 2026. This is a procedural step to ensure the official record of the previous meeting is accurate.

Urgent Business

The Chair was scheduled to announce any items of urgent business that had been circulated separately from the main agenda.