The Group Finance Director (Section 151 Officer) has submitted a report to approve the Council’s Treasury Management Strategy for 2026/27 together with the Prudential Indicators for 2026/27 to 2029/30, following recommendation from Cabinet.

Recommendation: Council resolves to:

1.    Approve the Treasury Management Strategy 2026/27 as set out in paragraphs 11 to 56 of this report and the Prudential Indicators for 2026/27 – 2029/30 as set out in Appendix 2;

2.    Approve the Borrowing Strategy 2026/27 at paragraphs 32 to 33 of this report;

3.    Approve the Minimum Revenue Provision (MRP) Statement at Appendix 3 which sets out the Council’s policy on charging borrowing to the revenue account;

4.    Approve the Investment Strategy for 2026/27 and the investment criteria as set out in paragraphs 37 to 55 of this report and in Appendix 1;

5.    Approve the Treasury Management Scheme of Delegation at Appendix 4

Council resolved to:

1.       Approve the Treasury Management Strategy 2026/27 as set out in paragraphs 11 to 56 of this report and the Prudential Indicators for 2026/27 – 2029/30 as set out in Appendix 2;

2.       Approve the Borrowing Strategy 2026/27 at paragraphs 32 to 33 of this report;

3.       Approve the Minimum Revenue Provision (MRP) Statement at Appendix 3 which sets out the Council’s policy on charging borrowing to the revenue account;

4.       Approve the Investment Strategy for 2026/27 and the investment criteria as set out in paragraphs 37 to 55 of this report and in Appendix 1;

5.       Approve the Treasury Management Scheme of Delegation at Appendix 4

The Group Finance Director (Section 151 Officer) submitted a report to approve the Council’s Treasury Management Strategy for 2026/27 together with the Prudential Indicators for 2026/27 to 2029/30, following recommendation from Cabinet.

Councillor Ed Turner, Deputy Leader (Statutory) and Cabinet Member for Finance and Asset Management, proposed and Councillor Brown seconded the recommendations in the report.

Councillor Turner responded to questions on the report from Councillors Mundy, Miles, and Smowton.

Council resolved to:

1.    Approve the Treasury Management Strategy 2026/27 as set out in paragraphs 11 to 56 of this report and the Prudential Indicators for 2026/27 – 2029/30 as set out in Appendix 2;

2.    Approve the Borrowing Strategy 2026/27 at paragraphs 32 to 33 of this report;

3.    Approve the Minimum Revenue Provision (MRP) Statement at Appendix 3 which sets out the Council’s policy on charging borrowing to the revenue account;

4.    Approve the Investment Strategy for 2026/27 and the investment criteria as set out in paragraphs 37 to 55 of this report and in Appendix 1;

5.    Approve the Treasury Management Scheme of Delegation at Appendix 4