The Group Director Finance submitted a report to Cabinet on 7 February 2024 which presents the Council’s Treasury Management Strategy for 2025/26 together with the Prudential Indicators for 2026/27 to 2028/29.

Councillor Ed Turner, Deputy Leader (Statutory) and Cabinet Member for Finance and Asset Management will present the report and propose Cabinet’s recommendations.

Recommendation: That Council resolves to approve:

1.    The Treasury Management Strategy 2025/26 as set out in paragraphs 10 to 61 of the appended report and the Prudential Indicators for 2025/26 – 2028/29 as set out in Appendix 2 to the appended report;

2.    The Borrowing Strategy 2025/26 at paragraphs 31 to 32 of the appended report;

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

4.    The Investment Strategy for 2025/26 and the investment criteria as set out in paragraphs 35 to 53 of the appended report and in Appendix 1 to the appended report; and

5.    The Treasury Management Scheme of Delegation at Appendix 4 to the appended report.

Council considered the report of the Group Director Finance submitted to Cabinet on 05 February 2025, presenting the proposed Treasury Management Strategy for 2025/26 together with the Prudential Indicators for 2026/27 to 2028/29.

Councillor Ed Turner, Deputy Leader (Statutory) and Cabinet Member for Finance and Asset Management presented the report and moved the recommendations. The recommendations were agreed on being seconded and put to the vote.

Council resolved to approve:

1.    The Treasury Management Strategy 2025/26 as set out in paragraphs 10 to 61 of the appended report and the Prudential Indicators for 2025/26 – 2028/29 as set out in Appendix 2 to the appended report;

2.    The Borrowing Strategy 2025/26 at paragraphs 31 to 32 of the appended report;

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

4.    The Investment Strategy for 2025/26 and the investment criteria as set out in paragraphs 35 to 53 of the appended report and in Appendix 1 to the appended report; and

5.    The Treasury Management Scheme of Delegation at Appendix 4 to the appended report.