Issue - meetings

Finance and Resources

To present the Council’s Treasury Management Strategy for 2024/25.

Recommended to Council:

1.  That the Treasury Management Strategy Statement and the Annual Investment Strategy for 2024/25, as set out in the report, be approved.

2.  That the Minimum Revenue Provision policy, as shown in paragraph 4.5 of the report, be approved.

3.  That the Prudential Indicators, as set out in Annex 1 to the report, be approved.

Consideration was given to a report of the Finance and Resources Portfolio Holder which provided presented the Treasury Management and Annual Investment Strategies of the Council and had been produced in accordance with the latest statutory requirements and relevant codes of practice.

The report and annexes demonstrated how the Council planned to effectively manage and control risks associated with treasury management activities, to invest prudently and to achieve optimum return on investments commensurate with proper levels of security, liquidity and protection of capital.

Having considered the options and for the reasons set out in the report, the recommendations were proposed by Councillor Flood, seconded by Councillor P North and Cabinet agreed to the following:

Recommended to Council:

1.  That the Treasury Management Strategy Statement and the Annual Investment Strategy for 2024/25, as set out in the report, be approved.

2.  That the Minimum Revenue Provision policy, as shown in paragraph 4.5 of the report, be approved.

3.  That the Prudential Indicators, as set out in Annex 1 to the report, be approved.