The Three Rivers District Council Audit Committee is scheduled to meet on 25 September 2025 to review treasury management, audit reports and the statement of accounts. The committee will also look at its work programme for the coming months.

Treasury Management

The committee will be asked to note the Treasury Management End-of-Year Report 2024/25. The report concludes the treasury management reporting cycle for 2024/25, reviewing activities, performance, and prudential indicators. It confirms the council's compliance with treasury and prudential indicators for the year. The report states that the council appointed Arlingclose Ltd, treasury advisors, to assist with treasury management. According to the report, during 2024/25, the council complied with its legislative and regulatory requirements. Key figures included:

• Loans Capital Financing Requirement: £35.772m
• Finance Lease Capital Financing Requirement: £45.122m
• Gross borrowing: £14.000m
• Investments: £36.410m

The report also provides a commentary on wider economic performance during 2024/25, provided by Arlingclose Ltd, and includes an external context for the Treasury Management End-of-Year Report. According to the report, President Trump's US trade policy decisions and his unpredictable nature have impacted financial markets.

Statement of Accounts

The committee will be asked to note an update on the Statement of Accounts 2024/25. The report provides an update on the status of the draft statement of accounts for 2024/25 and sets out the timeframes for reissuing the accounts for publication and public inspection. The report provides an overview of the reasons for revisions to the draft accounts published in June 2025, including:

• Prior year adjustments for posting entries related to collection fund transactions.
• Prior year and in-year adjustments related to the Wimbledon finance lease arrangements due to delays in the external revaluation of the asset and reserve allocations.
• Immaterial adjustments made for completeness/accuracy.

The report states that Alison Scott, Director of Finance, or the Head of Finance under delegation from the Director of Finance, will authorise for reissue a draft Statement of Accounts 2024/25 for public inspection by 26 September 2025, and a period of public inspection will commence on 29 September 2025.

Shared Internal Audit Service

The committee will be asked to note the TRDC SIAS Progress Report Against the 2025-2026 Audit Plan. The report details progress made by the Shared Internal Audit Service (SIAS) in delivering the council's annual audit plan for 2025/26 as at 15 September 2025, proposed amendments to the approved 2025/26 Annual Audit Plan, and the implementation status of all previously agreed audit recommendations from 2019/20 onwards. The report also provides an update on performance management information as at 15 September 2025. The committee will be asked to approve amendments to the Audit Plan as at 15 September 2025, agree changes to the implementation date for six audit recommendations, and agree to the removal of implemented audit recommendations. According to the report, the previously agreed assurance mapping work has been replaced with an audit of Business Continuity Planning.

The committee will also be asked to consider the SIAS Annual Report 2024-25 - Final.

Work Programme

The committee will be asked to consider and make necessary changes to its Work Programme. The work programme includes a rolling annual training programme which is delivered before each committee, covering topics such as the role of the Audit Committee, the Statement of Accounts, treasury management, internal audit, and risk management. Additional 'deep dive' training is arranged for members of the committee ahead of approval of the audited Statement of Accounts. The following items are standing items on the agenda and are presented at each meeting of the Committee:

• Internal Audit Report SIAS Audit Client Manager
• Financial and Budgetary Risks Head of Finance
• Committee Work Programme

The programme of ad hoc reports scheduled to be presented to this Committee in the next 12 months is shown in the table below: