Purpose

To approve the Our Future Council: Managing Our Money Well - Treasury Management - Annual Report 2025-2026 and Activity Monitoring Quarter One 2026-2027.

Decision

1. That it be noted, the Council operated within the overall approved Prudential and Treasury Management Indicators, and also within the requirements set out in the Council’s Treasury Management Policy Statement during 2025-2026.
2. That it be noted, the revenue underspends of £4.5 million for the General Fund (before any reserve transfer) and £2.9 million for the Housing Revenue Account (HRA) were generated from treasury management activities in 2025-2026.
3. That it be noted, the revenue implications of treasury management activities in 2026-2027 for the General Fund and HRA was currently forecast to be within budget.  
4. That it be noted, due to rephasing of some capital programmes, the service investment authorised limit for 2028-2029 and operational boundary for 2027-2028 and 2028-2029 are forecast to slightly exceed the best estimates included in the Treasury Management Strategy presented to Council in February 2026.  Although both of these indicators are forecast to be slightly over, it should be noted that the overall authorised limit and operational boundary are within the limits estimated, it is purely the service investment elements within the overall totals that are forecast to be in excess.  These are self-determined limits and will be reviewed at the next budget setting cycle.