Decision Maker: Executive

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: December 8, 2025

Purpose:

Content: The Executive agreed the recommendations as outlined above namely:   1.     To note the report concerning the Treasury Management activities for the six months to September 2025.   2.     To agree the necessary increase to the Authorised limit to £793m from £748m in line with the revised proposal outlined below (section 6.16) as a result of a technical accounting change relating to the IFRS 16 (International Financial Reporting Standards) implementation at the end of 2024/25.   3.     To agree the necessary increase to the Full Year Planned (Capital Financing Requirement) to £797.3m from £737.8m outlined below (section 6.15) ) as a result of adjustments made by the external auditors to the accounts in 2024/25 which had an effect on the closing Capital Financing Requirement figure for the 2024/25 accounts.