Issue - meetings

Report of the Senior Leadership Team on behalf of Leader of the Council

Report of the Chief Finance Officer

The Chief Finance & Section 151 Officer introduced a report, which had been circulated in advance of the meeting, presenting for Members’ approval the Council’s Prudential Code Indicators and Treasury Strategy for 2025/26, for referral to Full Council on 5 March 2025.

RESOLVED to:

1.      Approve the Prudential and Treasury Indicators and Treasury Management Strategy Statement (TMSS) 2025/26, which includes the key elements below, and refer it to Full Council on 5 March 2024 for approval as required by the Regulations:

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 2025/26 through to 2027/28 (Appendix 1).

e.         Treasury Indicators including affordability limits to borrowing for 2025/26 through to 2027/28 (Appendix 1).

2.     Note the indicative Prudential Indicators for 2028/29 and 2029/30 (Appendix 1).

3.     Approve the Treasury Management Policy Statement and Treasury Management Practices (Combined Principles & Schedules) as set out in Appendix 5.