Issue - meetings

Report of the Director of Corporate Resources and S151 Officer

The Director of Corporate Resources and S151 Officer introduced the report, which had been circulated in advance of the meeting, seeking approval of the Council’s prudential code indicators and treasury strategy for 2023/24.

RESOLVED to:

1)    Approve the prudential and treasury indicators and treasury management strategy statement (TMSS) 2023/24, which includes the key elements below, and refer it to Council on 2 March 2023 for approval:

a.    The minimum revenue provision (MRP) policy statement (2.2);

b.    The borrowing strategy (2.3.4);

c.     The annual investment strategy (2.3.8);

d.    Capital affordability prudential indicators for 2023/24 to 2025/26 (appendix 1);

e.    Treasury indicators including affordability limits to borrowing for 2023/24 to 2025/26 at appendix 1 to the report; and

2)    Note the indicative prudential and treasury indicators for 2026/27 and 2027/28 at appendix 1 to the report.