Agenda item

To consider a report by the Head of Finance and Audit (copy attached).

Councillor Gwyneth Ellis, Lead Member for Finance, Performance and Strategic Assets, introduced the Treasury Management Strategy Statement (TMSS) 2024/25 and Prudential Indicators 2024/25 to 2026/27 (Appendix 1) (previously circulated). 

The report showed how the Council would manage its investments and its borrowing for the coming year and sets the policies within which the treasury management (TM) function operates. 

The Chartered Institute of Public Finance and Accountancy’s Code of Practice on Treasury Management (the “CIPFA TM Code”) required the Council to approve the TMSS and Prudential Indicators annually. A decision was required therefore to approve the recommendations within the report.

The Treasury Management Strategy Statement (TMSS) 2024/25 and Prudential Indicators 2024/25 to 2026/27 (Appendix 1) report was proposed and seconded.

By a show of hands all Members were unanimously in favour of the report.

RESOLVED that –

(i)            Council approves the TMSS for 2024/25 (Appendix 1)

(ii)          Council approves the setting of Prudential Indicators for 2024/25, 2025/26 and 2026/27 (Appendix 1 Annex A)

(iii)         Council approved the Minimum Revenue Provision Statement (Appendix 1 Section 6)

(iv)         Council confirms it has read, understood and taken account of the Well-being Impact Assessment (Appendix 2) as part of its consideration.