Agenda item

To consider and recommend to Council the Treasury Management Strategy 2024/25.

The Executive resolved to recommend to Council as follows:

1. To approve the Treasury Management Strategy 2024/25 including both the Borrowing and Investment Strategies which are set out in Appendix 7c and Appendix 7d to the Executive report.

2. To adopt the Treasury Management Policy Statement, three key principles and four clauses taken from the Treasury Management in the Public Services Code of Practice and Cross-Sectoral Guidance Notes (2021 Edition) and set out in Appendix 7b to the Executive report.

3. To approve the revised Prudential Indicators and Limits for 2023/24 and the new Prudential Indicators and Limits for 2024/2025 - 2026/27 which are set out in Appendix 7e to the Executive report.

4. To approve the Minimum Revenue Provision Policy Statement for 2024/25, which will ensure a prudent Minimum Revenue Provision charge in the annual statement of accounts. The policy is set out within Appendix 7f to the Executive report.