Decision details

Purpose of Report: To set out the treasury management strategy, including the annual investment strategy and the minimum revenue provision policy statement and prudential indicators.

Members will be asked to: Recommend the strategy to Full Council.

This item was originally due to be received by the Executive on 13 February 2025, but has been brought forward to the 21 January 2025 in order to fit with budget timelines.

Resolved:

                      i.         Recommended to that Council approve, in accordance with the Local Government Act 2003 (revised):

a.    The proposed Treasury Management Strategy for 2025/26 including the Annual Investment Strategy and the Minimum Revenue Provision policy statement;

b.    The prudential indicators for 2025/26 to 2029/30 in the main body of the report;

c.    The specified and non-specified investments schedule (Annex B);

d.    The scheme of delegation and the role of the Section 151 officer (Annex D).

Reason:     To ensure the continued effective operation and performance of the Council’s Treasury Management function and ensure that all Council treasury activity is prudent, affordable and sustainable and complies with policies set.