Issue - meetings

To receive a report from the Cabinet on recommendations referred to Council in relation to the Treasury Management Strategy and Prudential Indicators 2025/26.

The Portfolio Holder for Corporate Finance, Property and Resources, Councillor Cox, introduced the report and moved the recommendations. The Leader, Councillor Allnatt, seconded the motion.

No comments were made.

RESOLVED

Council

(1)  Approved that the prudential indicators and limits are adopted as outlined in Appendix A at Section 2.

(2)  Approved the Treasury Management Strategy as outlined in Appendix A.

(3)  Approved that the Minimum Revenue Provision (MRP) Statement which sets out the Council’s policy on MRP as outlined in paragraph 5.3 of Appendix 1.

(For 23, Against 0, Abstentions 0)

To receive the Treasury Management Strategy.

Cabinet:

1)    RECOMMENDED to Council that the prudential indicators and limits are adopted and approved as outlined in Appendix A, Section 2.

2)    RECOMMENDED to Council that the Treasury Management Strategy at Appendix A be approved.

3)    RECOMMENDED to Council that the Minimum Revenue Provision (MRP) Statement, which sets out the Council’s policy on MRP is approved as outlined in the report at paragraph 5.3.

4)    NOTED the linkages to the Capital Strategy due to the integral nature of how the Council manages its treasury finances to support capital development.

The Portfolio Holder for Corporate Finance, Property and Resources, Councillor Cox, introduced the report and moved the recommendations. Councillor Allnatt seconded the motion.

No comments from Members were received on this report.

RESOLVED

That Cabinet:

1)    RECOMMENDED to Council that the prudential indicators and limits are adopted and approved as outlined in Appendix A, Section 2.

2)    RECOMMENDED to Council that the Treasury Management Strategy at Appendix A be approved.

3)    RECOMMENDED to Council that the Minimum Revenue Provision (MRP) Statement, which sets out the Council’s policy on MRP is approved as outlined in the report at paragraph 5.3.

4)    NOTED the linkages to the Capital Strategy due to the integral nature of how the Council manages its treasury finances to support capital development.

(Non-key decision)

Reasons for recommendations

The Treasury Management Code requires the Council to approve annually a Treasury Management Strategy and to provide a mid-year update on Treasury Management activities to the Council. It is a requirement that Treasury Management is scrutinised during the year which falls within Cabinet’s remit.

To facilitate the decision-making process and support capital investment decisions the Prudential Code requires the Council to agree and monitor a minimum number of prudential indicators.