Treasury Management - Stewardship Report 2024/25 and Mid-Year Review 2025/26

Committee report · Cabinet · Tue 16 Dec 2025 · East Sussex County Council

What it recommends

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

“note the Treasury Management performance in 2024/25, incorporating the Mid-Year Review for the first half of 2025/26. _______________________________________________________________________________.”

What the meeting decided

The minutes record: Noted. “RESOLVED to note the Treasury Management performance in 2023/24, incorporating the Mid-Year Review for the first half of 2024/25. Reason 45.3 The report fulfils the requirement to submit an annual/half yearly report in the form prescribed in the Treasury Management Code of Practice. The key principles of security, liquidity and yield are still relevant. Officers are currently investigating opportunities within the strategy to secure investment income whilst minimising costs and maintaining security.” minutes ↗

In plain English

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

Recommended · This went to the meeting on Tue 16 Dec 2025. What was decided is in that meeting's minutes.

Cabinet is recommended to note the Council's treasury management performance for 2024/25, including a mid-year review for the first half of 2025/26. p6

The report was written by the Chief Finance Officer for a Cabinet meeting on 16 December 2025. p2 p3

During 2024/25, the Council received £9.8m in short-term interest from investments, at an average rate of 5.26%. p15

The Council's investment balances fell from £202.5m at 31 March 2024 to £115.3m at 31 March 2025. p17

At 30 September 2025, the Council's long-term debt was £200.1m, at an average rate of 4.38%. p26

Show the 6 passages this is based on

p2Report to: Cabinet Date: 16 December 2025
p3By: Chief Finance Officer Title of report:
p6RECOMMENDATION: Cabinet is recommended to note the Treasury Management performance in 2024/25, incorporating the Mid-Year Review for the first half of 2025/26.
p152.5 The total amount received in short term interest from investments during 2024/25 was £9.8m at an average rate of 5.26%. The implemented benchmark of SONIA (Standard Overnight Index Average; a rate administered by the BoE based on actual transactions of overnight borrowing by financial institutions) over the period was 4.94%.
p172.7 The Council’s investment balances during the period were in steady decline to March 2025. Investment balances at 31 March 2025 totaled £115.3m (compared to £202.5m at 31 March 2024).
p262.17 No PWLB borrowing was undertaken in the period, with the Council’s long-term debt at 30 September 2025 being £200.1m held at an average rate of 4.38%.

Places and organisations it names

East Sussex County Council

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