Purpose

To demonstrate that the Council’s treasury function has effectively managed the Council’s debt and cash balances to support the funding of the delivery of the Council’s key priorities.

Decision

RESOLVED that the Executive supported the Treasury Management Outturn Report 2025-26 and recommended it to Council and noted:

1) that all approved indicators set out in the Treasury Management Strategy have been adhered to; with the exceptions of the following. • Capital financing requirement – HRA • Gross external borrowing - HRA

2) As at the end of March 2026, the total external general fund debt was £117m, which reduces to £101m after taking into account cash balances (net indebtedness). This has the impact of reducing interest costs particularly in the current economic climate. There is an improved position from the forecast at mid-year stage of £138m external borrowing and £127m net indebtedness.

3) A reduction in general fund capital financing requirement (CFR) on 31st March 2026 representing an improved position to £365m from £386m forecast in the mid-year report. This was achieved through reducing in year capital spending and maintaining significant levels of debt repayment (MRP).