Item 10 - Treasury Management Mid-Year Report 2025-2026
West Dunbartonshire Council · 10 December 2025
Back to Audit Committee — 10 December 2025 and its agenda
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West Dunbartonshire Council Report by the Chief Officer - Resources Audit Committee - 10 December 2025 Subject: Treasury Management Mid-Year Report 2025/2026 1. Purpose 1.1 The purpose of this report is to provide Members with an update on treasury management to 30 September 2025. 2. Recommendations 2.1 Members are requested to: (a) note the treasury management stewardship information within the appended report (b) approve the 2025/26 revised estimates of treasury and prudential indicators as advised within the appended report (Tables A, B, C, D, E, F, H, L and N) (c) remit the 2025/26 Treasury Management Mid-Year Report to full Council for approval. 3. Background 3.1 In accordance with the Treasury Policy governing the Council’s treasury management activities the Chief Officer - Resources is required to provide a mid-year report to Members regarding the Treasury function. 3.2 The mid year report covers the period 1 April 2025 to 30 September 2025, details the current position (where appropriate) and revises the 2025/26 estimates where required. 3.3 One of the key clauses of the Treasury Policy is that a responsible body is required to ensure effective scrutiny of the treasury management strategy and polices. Within West Dunbartonshire Council the body identified to fulfil this role is the Audit Committee. 4. Main Issues Treasury Management Stewardship Report 4.1 A copy of the report is attached as Appendix 1. Item 10
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4.2 The report provides details of key changes to the Council’s capital activity (the prudential indicators), the economic outlook, the actual and proposed treasury management activity (borrowing and investment) and the risk approach to treasury management (the treasury management indicators). 4.3 The external debt figures included within Table C of the report includes short term and long-term debt. 5. Option Appraisal 5.1 No option appraisal was required for this report. 6. People Implications 6.1 There are no people implications arising from this report. 7. Financial and Procurement Implications 7.1 There are no direct financial or procurement implications arising from this report. 8. Risk Analysis 8.1 There are three main risks associated with the formulation of prudential indicators and the treasury management strategy as detailed in Appendix 1. These risks are noted below; however the Council has robust monitoring processes and provides regular reports to Council with further scrutiny by the Audit Committee: (a) Capital receipts which affect the capital financing and borrowing requirement may not materialise, if this occurs additional borrowing will be required in order to fund the financing requirement. (b) The risk of counterparties default (i.e. loss of principal sum invested) however the Council has robust controls included within its treasury management and investment strategies that help minimise this risk. (c) Capital inflation may increase capital expenditure level which will affect the capital financing and borrowing requirement leading to an increase in borrowing, assuming no additional capital receipts are available. 9. Equalities Impact Assessment 9.1 No equalities impact assessment was required in relation to this report. 10. Environmental Sustainability
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10.1 No assessment of environmental sustainability was required in relation to this report. 11. Consultation 11.1 The views of Legal Services have been requested on this report who advised there are no issues or concerns. 12. Strategic Assessment 12.1 Proper budgetary control and sound financial practice are cornerstones of good governance and support Council and officers to pursue the five strategic priorities of the Council’s Strategic Plan. 12.2 Treasury management contributes to the Financial Strategy via the interdependency that exists between pro-active treasury management and the formulation of long-term financial plans. _______________________ Laurence Slavin Chief Officer – Resources Date: 5 November 2025 Person to Contact: Lynsey Dickson, Business Partner, Resources Council Offices, Church Street, Dumbarton Email: Lynsey.Dickson@west-dunbarton.gov.uk Appendix: Appendix 1: Treasury Management Stewardship Mid- Year Monitoring Report 2025/26 Treasury Management and Prudential Indicators 1 April 2025 to 30 September 2025 Background Papers: 1. Loans register and portfolio 2. Debt rescheduling schedules 3. Prudential Indicators 2024/25 to 2033/34 and Treasury Management Strategy 2024/25 to 2033/34 (Council 26 March 2025) Wards Affected: No wards directly affected.
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