Issue - meetings

Report of the Principal Finance Business Partner

Report of the Principal Finance Business Partner

The Principal Finance Business Partner introduced a report which had been circulated prior to the meeting to present for Members’ approval the Council’s Prudential Code Indicators and Treasury Strategy for 2026/27, for referral to Full Council on 4 March 2026.

RESOLVED:

That:

1)    Cabinet approved the Prudential and Treasury Indicators and Treasury Management Strategy Statement (TMSS) 2026/27, which includes the key elements below, and referred it to Full Council on 4 March 2026 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), including 2.3.8 (a) increasing the Money Market Fund Limits from £4m to £5m

D.    Capital Affordability Prudential Indicators for 2026/27 through to 2027/28 (Appendix 1).

E.    Treasury Indicators including affordability limits to borrowing for 2026/27 through to 2028/29 (Appendix 1).

2)    Noted the indicative Prudential Indicators for 2029/30 and 2030/31 (Appendix 1)

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