Issue - meetings

Key Decision

Councillor Rachel Madden – Executive Lead Member for Finance, Revenues and Benefits

Members were requested to consider the Council’s Treasury Management Strategy for the financial year 2024/25 comprising the following:-

Treasury Management Policy

Treasury Management Strategy Statement (TMSS)

Borrowing Strategy

Annual Investment Strategy

Minimum Revenue Provision Policy

Prudential Indicators and Treasury Management Indicators

Treasury Management Practices: Risk Management.

As it is a requirement of the CIPFA Treasury Management Code for all Local

Authorities to have a Treasury Management Strategy (TMS) and a requirement of DLUHC Statutory Guidance on Local Government Investments to have an Investment Strategy, Members had no alternative options to consider.

RESOLVED that

a)    the contents of the Treasury Management Strategy (TMS) for 2024/25, including the changes to the Annual Investment Strategy, as presented, be received and noted;

b)    Council be recommended to approve the Treasury Management Policy Statement incorporating the:

·         Treasury Management Strategy Statement (TMSS)

·         Borrowing Strategy

·         Annual Investment Strategy

·         Minimum Revenue Provision (MRP) Policy

·         Prudential Indicators and Treasury Management Indicators including the Liability Benchmark indicator

·         Treasury Management Practices: Risk Management which includes the Environmental, Social and Governance (ESG) update.

c)    it be noted that the Treasury Management Strategy was considered and is supported by the Audit Committee at its meeting on 1 February 2024.

Reason:

In accordance with Financial Regulation C.31. Cabinet is responsible for

providing effective scrutiny of the Treasury Management Strategy and Policies

and recommending the same to Council for approval.