NORTH YORKSHIRE COUNTY COUNCIL

AUDIT COMMITTEE

29 September 2025

PROGRESS ON ISSUES RAISED BY THE COMMITTEE

Joint Report of the Corporate Director – Resources

and the Assistant Chief Executive (Legal and Democratic Services)

1.0	PURPOSE OF THE REPORT
1.1	To advise Members of
	(i)    progress on issues which the Committee has raised at previous meetings
	(ii)    other matters that have arisen since the last meeting and that relate to the work of the Committee

2.0 BACKGROUND

2.1        This report is submitted to each meeting listing the Committee’s previous Resolutions and / or when it requested further information be submitted to future meetings.  The table below represents the list of issues which were identified at previous Audit Committee meetings and which have not yet been resolved.  The table also indicates where the issues are regarded as completed and will therefore not be carried forward to this agenda item at the next Audit Committee meeting.

Date	Minute number and subject	Audit Committee Resolution	Comment	Complete?
11.12.23	102 – Audit Committee Terms of Reference / Review of Effectiveness	That the Committee felt it would be beneficial to undertake and complete a self-assessment exercise of the Committee’s effectiveness in the 2024/25 Municipal Year, circa during period Jan – March 2025.  It was also felt that any review should be facilitated by officers	The self-assessment survey results were presented at the June 25 meeting of Audit Committee.	Y
24.06.24	124 – Progress on Issues Raised by the Committee	That training session be organised for Audit Committee Members in 2024 and 2025 as outlined in the minutes	December 24 - Counter Fraud March 25 - Role of the Audit Committee June 25 – Teckal Companies September 25 – Statement of Accounts scrutiny December 25 - Data protection/information security Treasury Management (external training to be arranged) – timing t.b.c.
24.06.24	135 – Programme of Work	That the Value for Money (VfM) reports that had previously been submitted to this Committee, and to avoid duplication, be incorporated into the Annual Governance Statement (AGS) / Corporate Governance reports in the future	This will be done going forward.	Y

3.0 TREASURY MANAGEMENT

3.1      The Bank of England cut interest rates on 6 August from 4.25% to 4.00% in line with market expectations. The Council’s Treasury Advisors, MUFG (formerly Link) interest rate forecast has now been updated with the next rate cut of 0.25% now expected to be in March 2026 with further reductions in mid-2026 and mid-2027, reaching 3.25% by September 2027

4.0 RECOMMENDATION

4.1       That the Committee considers whether any further follow-up action is required on any of the matters referred to in this report.

GARY FIELDING Corporate Director – Resources

BARRY KHAN Assistant Chief Executive (Legal and Democratic Services)

County Hall

NORTHALLERTON

29 September 2025

Background Documents:  Report to, and Minutes of, Audit Committee meetings held on 23 June 2025.