Decision details

Treasury Management Strategy 2024-2025

Decision Maker: Cabinet

Decision status: Recommmend Forward to Council

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report will set the limits and method of investing the council’s surplus funds taking into account the statutory restrictions on local authority investments and borrowings. While the Council is debt free and expects to continue this policy for the foreseeable future, the report will set limits and establish procedures for any borrowings that may be required.

Decision:

RESOLVED

 

That the Full Council recommended to approve:-

 

a)      the Treasury Prudential Indicators and the Minimum Revenue Provision (MRP) Statement contained within Section 5.4 report of FIN/644;

 

b)      the Treasury Management Strategy contained within Section 6 of report FIN/644;

 

c)       the Investment Strategy contained within Section 7 of report FIN/644;

 

 

Reasons for the Recommendations

 

The Council’s financial regulations, in accordance with the CIPFA Code of Practice for Treasury Management, requires a Treasury Management Strategy to be approved for the forthcoming financial year. This report complies with those requirements.

Report author: Carolin Martlew

Publication date: 01/02/2024

Date of decision: 31/01/2024

Decided at meeting: 31/01/2024 - Cabinet

Effective from: 07/02/2024

Accompanying Documents: