Treasury Management Covering Report 2026-27 v1

Committee report · Audit Committee · Thu 5 Mar 2026 · Hastings Borough Council · agenda item 6

What it recommends

In the report's own words. A recommendation is a proposal: the meeting can agree, change or reject it.

“Audit Committee recommends to Cabinet and full Council that: A. The Council approve the Treasury Management Strategy, Minimum Revenue Provision (MRP) Policy, Annual investment Strategy and the Capital Strategy. B. The strategies listed are updated as necessary during 2026/27 in the light of changing and emerging risks and the Council’s evolving future expenditure plans.”

What the meeting decided

The minutes record: Agreed. “RESOLVED (unanimously) That the Audit Committee recommends to Cabinet and full Council that: The Council approve the Treasury Management Strategy, Minimum Revenue The strategies listed are updated as necessary during 2026/27 in the light of changing and emerging risks and the Council’s evolving future expenditure plans. Reasons The Council seeks to minimise the costs of borrowing and maximise investment income whilst ensuring the security of its investments.” minutes ↗

In plain English

Each sentence was checked against the passage it cites; how the checking works.

Recommended · This went to the meeting on Thu 5 Mar 2026. What was decided is in that meeting's minutes.

A report to the Audit Committee, dated 5 March 2026, from the Council's Chief Finance Officer, asks members to consider the draft Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision (MRP) Policy and Capital Strategy. p1 p2

The report's recommendation is that Audit Committee ask Cabinet and full Council to put these strategies in place, and to update them during 2026/27 if risks or spending plans change. p4

The strategies are meant to give the Council a framework for managing its investments, cash flow and borrowing ahead of the new financial year. p3

The Council estimates it holds investments of between £15 million and £35 million at any time, and expects longer-term borrowing of £65.4 million by the end of March 2026 if no further external borrowing takes place. p59

Under the Council's arrangements, only full Council can change the Treasury Management Strategy, MRP Policy, Investment Strategy or Capital Strategy, while the Audit Committee scrutinises them and the Capital Assurance Board develops and reviews them. p61 p62 p64

Show the 8 passages this is based on

p1Report Template v30.0 Report To: Audit Committee Date of Meeting: 5 March 2026 Report Title: Treasury Management Strategy and Capital Strategy 2026/27 Report By: Kit Wheeler Chief Finance Officer Key Decision: Yes
p2Classification: Open Purpose of Report To consider the draft Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision (MRP) Policy and Capital Strategy and make recommendations to full Council as appropriate.
p3This is to ensure that there is an effective framework for the management of the Council's investments, cash flows and borrowing activities prior to the start of the new financial year.
p4Recommendations Audit Committee recommends to Cabinet and full Council that: A. The Council approve the Treasury Management Strategy, Minimum Revenue Provision (MRP) Policy, Annual investment Strategy and the Capital Strategy. B. The strategies listed are updated as necessary during 2026/27 in the light of changing and emerging risks and the Council’s evolving future expenditure plans.
p59Economic/Financial Implications 34. The Council generally has investments in the year of between £15 million and £35 million at any one time and is estimated to have longer term borrowings of £65.4m by the end of March 2026 (if no further external borrowing is undertaken).
p61Organisational Consequences 36. The Capital Assurance Board is responsible for the development and review of the Treasury Management Strategy, Minimum Revenue Provision (MRP) Policy, Investment Strategy and the future Capital Strategy, supported by Cabinet.
p6237. The Audit Committee is responsible for scrutinising these strategies, policies and performance throughout the year. Full Council, as the budget setting body, remains responsible for the approval of the Treasury Management Strategy, MRP Policy, and Investment Strategy and for the Capital Strategy.
p6439. Only full Council will be able to amend the Treasury Management Strategy, MRP Policy, Investment Strategy or Capital Strategy. The Chief Finance Officer will determine the Treasury Management Practices and associated schedules.

Places and organisations it names

Hastings Borough Council

Other papers for this meeting

Audit Committee agenda · Committee agenda
Appendix B HBC Audit Charter 202627 · Committee report
Appendix III - Glossary · Committee report
Draft Capital Strategy 2026-27(25-02-2026) · Committee report
HBC Appendix A Internal Audit Strategy and Annual Plan 202627 · Committee report
HBC Covering Report Annual Audit Strategy and Audit Plan 2627 · Committee report
HBC Covering Report Q3 2025-26 Progress · Committee report
HBC Internal Audit Strategy 202627 Annual Plan · Committee report
HBC Quarter 3 2025-26 Progress Report Appendix A · Committee report
Minutes Public Pack, 23/02/2026 Audit Committee · Committee report
Audit Committee minutes · Committee minutes
Treasury Management Strategy 2026-27 Draft 25-02-2026 · Committee report

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