Decision

That:

(a)  The Treasury Management performance for the third quarter of 2023/24 be noted;

(b)  Council be recommended to agree to adopt the Treasury Management Statement and the Annual Investment Strategy for 2024/25 including:

(i)  the Prudential Indicators for the period 2024/25 to 2026/27 (Annex 3 of Appendix 4); and

(ii)  the Minimum Revenue Provision (MRP) Policy Statement (paragraph 2.4 of Appendix 4).

Reasons for the decision

The Council is required by statute to agree and publish prudential indicators, primarily to confirm that the Council’s capital expenditure plans are affordable and sustainable.  In line with government guidance, the Council’s policy is to seek to achieve the highest rate of return on investments whilst maintaining appropriate levels of risk, particularly security and liquidity.