Agenda item
Treasury Management Strategy
- Meeting of Budget Council, Council, Thursday 13 February 2025 5.00 pm (Item 87.)
- View the background to item 87.
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.
Minutes:
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.
Supporting documents:
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Council Covering Report - Treasury Management Strategy, item 87.
PDF 213 KB View as DOCX (87./1) 169 KB
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Treasury Management Strategy 2025 26 v4, item 87.
PDF 404 KB View as DOCX (87./2) 255 KB
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APPENDIX 1 Treasury Management Strategy - (TMP) 1 Credit and Counterparty Risk Management, item 87.
PDF 243 KB View as DOCX (87./3) 27 KB
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APPENDIX 2 Treasury Management Strategy - Prudential Indicators v2, item 87.
PDF 466 KB View as DOCX (87./4) 228 KB
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Appendix 3 Treasury Management Strategy - MRP Policy v2, item 87.
PDF 110 KB View as DOCX (87./5) 20 KB
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APPENDIX 4 Treasury Management Strategy - ESG Policy, item 87.
PDF 101 KB View as DOCX (87./6) 16 KB
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APPENDIX 5 Treasury Management Strategy - Scheme of Delegation, item 87.
PDF 99 KB View as DOCX (87./7) 16 KB
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Appendix 6 Risk Register TM 2025 26 v2, item 87.
PDF 97 KB