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Appendix 1 Corporate Summary - 24.09.2025

Committee report · Cabinet · Wed 24 Sep 2025 · East Sussex County Council · agenda item 18

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In Q1 2025/26, 3 of the Council's departments had Council Plan measures that were off target, out of 57 measures in total. p7

The Council's cash investment balances fell by 36% over the year, from £213.7m in Q1 2024/25 to £137.2m in Q1 2025/26. p114

In Q1, the Council repaid a £6.45m Barclays Market Loan early, securing a discount of £1m, which is expected to save around £100k on the Treasury Budget for 2025/26. p119

The value of the Council's debt aged over 5 months rose by £0.592m to £9.947m in Q1, with 97.27% of it relating to Adult Social Care and Health. p143p144

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  • p7Measures off target by department There are 57 measures in the Council Plan. In Q1, 3 departments had measures that were off target.
  • p1140 0 Treasury Management The Treasury Management Strategy (TMS), which provides the framework for managing the Council’s cash balances and borrowing requirement, continues to reflect a policy of ensuring minimum risk, whilst aiming to deliver secure realistic investment income on the Council’s cash balances. Cash investment balances as at 30 June 2025 have fallen by 36% in one year, from £213.7m at Q1 2024/25 to £137.2M at Q1 2025/26.
  • p119In Q1 an opportunity was taken to repay a Barclays Market Loan with the assistance of Treasury Advisors (MUFG). A cost-effective early repayment of a £6.45m loan was agreed, securing an appreciable discount of £1m to the Council. The discount can be spread over a 10-year period in line with accounting regulations and generates a saving of around £100k to the Treasury Budget for 2025/26. The repayment was funded by cash on deposit held in liquidity accounts, the original maturity date of the Barclays Market Loan was October 2058. The Council’s external debt, totalling £200.1m at Q1, is held as long-term loans and now fully with the PWLB. No long-term borrowing was undertaken in Q1.
  • p143Outstanding debt analysis (£ millions) The value of debt aged over 5 months at Quarter 1 has increased by £0.592m to £9.947m compared to the 2024/25 outturn position of £9.355m.
  • p144The majority £9.676m (97.27%) of all debt over 5 months old relates to Adult Social Care and Health (ASCH), which has increased by £0.740m compared with the 2024/25 outturn position of £8.936m. The debt over 5 months related to income due to other departments has decreased by £0.148m to £0.271m, compared with the 2024/25 outturn position of £0.419m. Adult Social Care client contribution income represents most of the Council’s debt collection activity and the recovery process can be lengthy due to the sensitive and often complex nature of individual circumstances. However, the rising level of debt in this area is a high priority area of focus for 2025/26. A strategic review, including establishing a project board, has started to analyse the end-to-end income collection and debt recovery processes with the aim of both reducing existing debt and preventing further debt from being accrued.

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