Decision details

To approve the report and recommend to Council that the Treasury Management Strategy Statement for 2024/25 be approved including:

•           Prudential Indicators for 2024/25;

•           Minimum Revenue Provision Policy Statement for 2024/25;

•           Annual Investment Strategy for 2024/25.

•           Capital Strategy for 2024/25

Resolved to RECOMMEND:  (to Council)

That the Treasury Management Strategy Statement for 2024/25 be approved, including:

1.               Prudential Indicators for the period 2024/25 to 2026/27

2.               Minimum Revenue Provision Policy Statement for 2024/25, (see para 2.20 and Appendix C of the officer report)

3.               Annual Investment Strategy for 2024/25 (Appendix F of the officer report)

4.               Annual Capital Strategy (Appendix G of the officer report).

Reason for Recommendation:  This  promoted effective financial management relating to the Authority’s borrowing and investment powers contained in the Local Government Act 2003, and supported regulations and guidance detailed below:

1.               the Local Authorities (Capital Finance and Accounting) Regulations 2003 (as amended),

2.               CIPFA Prudential Code (2021) and CIPFA Treasury Management Code of Practice (2021), and accompanying Guidance Notes

3.               DLUHC (Previously MHCLG) Investment Guidance (2018) and MRP Guidance (2018).

[Call-in did not apply to the decision above as it was reserved to full Council.]