Purpose

The report summarises the Council’s General
Fund capital expenditure and treasury management activity up to 30 September
2025.  It also provides information on
the performance against the Treasury and Prudential Indicators.

 

A summary of the capital programme expenditure
against budgets in the current year, is set out in the following table:

 

Capital Programme


Revised Budget 2025/26
£


Budget
30 Sep 25
£


Actual to
30 Sep 25
£


Variation
£




General Fund


10,429,700


3,992,675


3,370,859


-621,816

 

During the first half of the year the Council
operated within the Treasury and Prudential Indicators.

 

The overall treasury position is set out in the
following table:

 

 


31 March 2025
Actual
£’000


30 Sept 2025
Actual
£’000




Total borrowing


61,836


54,502




Total investments


(17,503)


(25,347)




Net borrowing


44,333


29,155

 

The Council’s net interest budget for 2025/26
in £357,300 with an actual of £277,140 at the end of September (£241,078 in
2024/25).  With the Bank Rate currently
at 4% and expected to reduce this year, the budget will be reviewed during the
budget setting period to reflect the latest capital programme spending plans.

Decision

RESOLVED that the Executive notes
the Capital and Treasury Management Report for 2025/26.