Purpose

The report sets out the Council’s
proposed Treasury Management Strategy Statement (TMSS) for the
period 2026/27 to 2035/36.

Decision

DECISION: The Cabinet agreed to
recommend that Full Council approves:
 

     
I.        
The Treasury Management Strategy 2026/27 and supporting
appendices

   
II.        
Delegation to Cabinet of the Quarterly monitoring of the
Council’s Treasury position including, Prudential Indicators
as part of the quarterly monitoring cycle, with the exception of
the mid-year update and outturn reports which will be submitted to
Council for approval

  
III.        
Maintain the 2026/27 Authorised Limit for borrowing and leases at
£1.9bn in line with 2025/26 as set out in para 3.8.

 
IV.        
Change in the annuity rate used for Minimum Revenue Provision (MRP)
applied to unsupported borrowing from 2026/27 from the fixed 3.50%
to the prevailing PWLB rate to better reflect the Council’s
cost of borrowing.

   
V.        
The debt strategy as set out in section 5.