Issue - meetings

Report of the Head of Finance and ICT

The Head of Finance and ICT 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 2024/25.

RESOLVED to:

1)    Approve the prudential and treasury indicators and treasury management strategy statement (TMSS) 2024/25, which includes the key elements below, and refer it to Council on 6 March 2024 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 2024/25 to 2026/27 (appendix 1);

e.    Treasury indicators including affordability limits to borrowing for 2024/25 to 2026/27 at appendix 1 to the report; and

2)    Note the indicative prudential indicators for 2027/28 and 2028/29 at appendix 1 to the report.