Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: December 3, 2025

Purpose: This Report reviews the Council’s treasury management activities for the first six months of financial year 2025/26. It is prepared in accordance with the requirements of the Chartered Institute of Public Finance and Accountancy (CIPFA) codes of practice in respect of capital finance and treasury management. The codes require that Members are advised of treasury management activities of the first six months of each financial year and of compliance with various strategies and policies agreed by the Council. The report:   • Reviews compliance with the Treasury Management Strategy Statement (TMSS) and Annual Investment Strategy as agreed by the Council (Budget Council) on 26 February 2025. • Reviews treasury borrowing and investment activity for the period 1 April 2025 to 30 September 2025; • Demonstrates compliance with agreed Treasury and Prudential Indicators and the CIPFA Prudential Code for Capital Finance; and • Complies with the Treasury Management Code: Treasury management in the public services – Code of practice and cross-sectoral guidance notes, 2021 as detailed more fully in paragraph 5.3 of the report.

Content: For the reasons set out in the report, the Executive Mayor and Cabinet is AGREED to:   Consider the recommendations from Audit and Governance Committee on 27 November 2025 relating to this report.   Consider the contents of this report and associated appendices, and   Make such recommendations to Full Council as are considered appropriate.