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.