URL: https://moderngov.fareham.gov.uk/ieDecisionDetails.aspx?ID=2716

Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose: The report summarises the Council’s General Fund capital expenditure and treasury management activity up to 30 September 2025.  It also provides information on the performance against the Treasury and Prudential Indicators.   A summary of the capital programme expenditure against budgets in the current year, is set out in the following table:   Capital Programme Revised Budget 2025/26 £ Budget 30 Sep 25 £ Actual to 30 Sep 25 £ Variation £ General Fund 10,429,700 3,992,675 3,370,859 -621,816   During the first half of the year the Council operated within the Treasury and Prudential Indicators.   The overall treasury position is set out in the following table:     31 March 2025 Actual £’000 30 Sept 2025 Actual £’000 Total borrowing 61,836 54,502 Total investments (17,503) (25,347) Net borrowing 44,333 29,155   The Council’s net interest budget for 2025/26 in £357,300 with an actual of £277,140 at the end of September (£241,078 in 2024/25).  With the Bank Rate currently at 4% and expected to reduce this year, the budget will be reviewed during the budget setting period to reflect the latest capital programme spending plans.

Content: The report summarises the Council’s General Fund capital expenditure and treasury management activity up to 30 September 2025.  It also provides information on the performance against the Treasury and Prudential Indicators.   A summary of the capital programme expenditure against budgets in the current year, is set out in the following table:   Capital Programme Revised Budget 2025/26 £ Budget 30 Sep 25 £ Actual to 30 Sep 25 £ Variation £ General Fund 10,429,700 3,992,675 3,370,859 -621,816   During the first half of the year the Council operated within the Treasury and Prudential Indicators.   The overall treasury position is set out in the following table:     31 March 2025 Actual £’000 30 Sept 2025 Actual £’000 Total borrowing 61,836 54,502 Total investments (17,503) (25,347) Net borrowing 44,333 29,155   The Council’s net interest budget for 2025/26 in £357,300 with an actual of £277,140 at the end of September (£241,078 in 2024/25).  With the Bank Rate currently at 4% and expected to reduce this year, the budget will be reviewed during the budget setting period to reflect the latest capital programme spending plans. RESOLVED that the Executive notes the Capital and Treasury Management Report for 2025/26.

Date of Decision: November 3, 2025