Purpose

The report outlined the Council’s prudential indicators
for the financial years 2025/26 – 2028/29 and set the framework and approved
the limits within which the treasury management operations for this period
would work. It fulfilled key legislative and guidance requirements as follows:

 

·        
The setting of the prudential indicators
which set out the expected capital activities and treasury management
prudential indicators (included as treasury indicators) in line with the
Chartered Institute of Public Finance and Accountancy (CIPFA) Treasury
Management Code of Practice.

 

·        
The Treasury Management Strategy statement
which set out how the Council’s treasury function would support capital
decisions taken above, day to day treasury management activities on service
delivery and any limitations on these, via the treasury prudential indicators.

 

·        
The approval of the Council’s Minimum Revenue
Provision (MRP) Policy, which set out how the Council would pay for historic
capital debt for the financial year.

Decision

AGREED that Executive note the contents of the report and
submit the following to Council for approval:

 

1.   
The Prudential Indicators and Limits for 2025/26
to 2028/29 relating to capital expenditure and treasury management activity set
out in tables 1 to 10 of Appendix 1 of the report.

2.   
The Treasury Management Strategy for
2025/26, which included the Annual Investment Strategy for that financial year.

3.   
The Minimum Revenue Provision (MRP)
Policy for the 2025/26 financial year.

4.   
An Authorised Limit for External Debt of
£331 million for the 2025/26 financial year.