Short-term loans
Kingston Council's Audit, Governance and Standards Committee recently reviewed the 2025/26 borrowing strategy, which focused on using cash reserves.
Kingston Council's Audit, Governance and Standards Committee reviewed the council's borrowing strategy for the 2025/26 financial year in June 2026. The strategy, a type of borrowing employed when necessary, involved borrowing £379 million, which was £154 million less than the capital financing requirement. This reduction was achieved by utilising approximately £154 million of the council's cash reserves.
A report to the committee, presented by Katherine Gray, Head of Pensions, Investments and Treasury, highlighted a volatile market influenced by global events. The council's borrowing strategy focused on minimising additional borrowing by using these cash reserves. No further discussions on this topic are currently scheduled.
Key facts
- Kingston Council's Audit, Governance and Standards Committee reviewed the 2025/26 borrowing strategy in June 2026. Source
- The council borrowed £379 million for the 2025/26 financial year. Source
- This borrowing was £154 million lower than the capital financing requirement. Source
- Approximately £154 million of cash reserves were used to reduce borrowing. Source
- Katherine Gray, Head of Pensions, Investments and Treasury, presented the report. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.