This document covers 2026 to 2027.
We are required to operate a balanced budget, which broadly means that cash raised during the year will meet cash expenditure. Part of the treasury management operation is to ensure that this cash flow is adequately planned, with cash being available when needed.
Surplus cash arising from treasury activities is invested in low-risk counterparties providing adequate liquidity initially before considering investment return.
The second main function of the treasury management service is the funding of our capital plans. These plans provide a guide to our borrowing needs – essentially the long-term cash flow planning to ensure that we can meet our capital spending obligations.
This management of longer-term cash may involve long or short-term borrowing or using longer term cash flow surpluses. On occasion any debt previously drawn may be restructured to meet our risk or cost objectives.
Document details
This strategic plan:
- is owned by the Finance Team
- was last reviewed February 2026
- will be reviewed in February 2027
- is current and up to date