Issue - meetings

This report provides an update on treasury management performance for the first six months of 2025/26

The Group received a report presenting the Council’s 2025/26 mid-year treasury management performance. The majority of Members attended a Treasury Management training session held just before this meeting, where the Council’s external Treasury Management advisor gave a detailed presentation of relevant Treasury Management issues and provided information specific to Epsom & Ewell.

The question was asked as to what the maturity dates of the Council’s fixed term deposits were. Officers didn’t have the answer in the meeting, and would provide it afterwards*.

* Note: Following the meeting it was confirmed that one investment matured at the end of October and is currently held in a Money Market Fund; two further fixed term deposits held are due to mature in April 2026 and September 2026.

Following consideration of the report’s contents, the Group moved to consider the report recommendations, which were agreed as follows:

(1)           Receive the presentation from MUFG Corporate Markets (formerly Link Asset Services – Treasury Solutions);

(2)           Note the performance on return of investments for the first six months of 2025/26;

(3)           Note the current investment decisions being made within the terms set out in the Treasury Management Strategy;

(4)           Note that 2026/27’s Treasury Management Strategy, due to be presented to Financial Strategy Advisory Group in January 2026, ahead of recommendation to Full Council in February 2026, will continue to be based on the local government template provided by sector specialist MUFG Corporate Markets.