10 2024/25 Treasury Management Strategy PDF 393 KB
A report from the Executive Director – Resources is attached. (Key decision – reference number 5668)
Additional documents:
Minutes:
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.