Issue - meetings

A report from the Executive Director – Resources is attached.  (Key decision – reference number 5668)

Cllr Tim Leaver (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director – Resources, setting out the Council’s proposed Treasury Management Strategy Statement (TMSS) for the period 2024/25 to 2033/34. The Council’s strategy maintained prudence.

In response to Members’ queries, more details on interest rates across the Council’s borrowing were clarified.

DECISION:  The Cabinet agreed

I. To review and note the Treasury Management Strategy 2024/25 (Appendix 1 of the report). 

II. To recommend the Council to approve the Treasury Management Strategy 2024/25.

III. To recommend to Council that Quarterly Treasury monitoring, from 2024/25, of the Council’s Treasury position including Prudential Indicators is delegated to Cabinet as part of the quarterly monitoring cycle with the exception of the Mid-year update and Outturn positions which will be submitted to Council.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.