Decision

The Executive agreed the
recommendations as outlined above namely:
 

1.    
To note the report concerning the Treasury
Management activities for the six months to September
2025.
 

2.    
To agree the necessary increase to the Authorised
limit to £793m from £748m in line with the revised
proposal outlined below (section 6.16) as a result of a technical
accounting change relating to the IFRS 16 (International Financial
Reporting Standards) implementation at the end of
2024/25.
 

3.    
To agree the necessary increase to the Full Year
Planned (Capital Financing Requirement) to £797.3m from
£737.8m outlined below (section 6.15) ) as a result of
adjustments made by the external auditors to the accounts in
2024/25 which had an effect on the closing Capital Financing
Requirement figure for the 2024/25 accounts.