Mid-year & quarterly reporting
About this course
Statutory and best-practice cadence, what to include, the difference from outturn, integrating with monthly internal reporting.
What you'll learn
- What mid-year is for
- Structure & content
- The outlook section
- Production & internal MI
Part of these pathways
Related courses
- The statutory framework
- The CIPFA Prudential Code
- The CIPFA Treasury Management Code
- The 12 TMPs in detail
- Prudential Indicators in detail
- Investments for service & commercial purposes
Common questions
What is Compliance statement (interim)?
Mid-year compliance language is parallel to outturn but for H1 only: "All Prudential Indicators were complied with throughout H1 2024/25." Specific limit-by-limit confirmation; any breach disclosed. Same language discipline as outturn.
What is Early warning function?
The mid-year report's primary purpose: flag emerging issues with time still on the clock to act. Distinct from outturn (post-year, no remedy possible). A mid-year report that doesn't signal anything emerging is a missed opportunity.
What is H1 / H2 framing?
April-September = H1; October-March = H2. Mid-year covers H1 actuals + H2 outlook. Most LA financial reporting uses this split.
What is Mid-year report?
Required by TM Code adoption clause 2. The H1 progress report, presented to Cabinet/Council in October-November after April-September. The bridge between the TMSS plan and the outturn — answering the question: "are we on track?" with time still on the clock to adjust.
What is Monthly management information?
Internal treasury reporting to S151. Typically covers cash position, investment yield, counterparty exposure, key transactions. Cadence varies by council; monthly is sector-standard.
What is Outlook section?
The mid-year-distinctive section. Covers H2 expectations: rate environment, capital programme delivery, counterparty conditions, any proposed strategy changes. Forward-looking content that the outturn (after year-end) can't provide.