Purpose

The Treasury Management Code of Practice
(“the Code”) requires the Director of Finance
(DoF) to provide a mid-year update on
the treasury strategy.
 
The Treasury Management Projected Outturn
2024/25 including the prudential indicator outturn.
 
To amend the CDR’s new long term
borrowing permissions set out in the Summer Finance Review annex C2
Financing the Capital Strategy Table 1 so that any borrowing amount
can be made for either Housing Revenue Account (HRA) or the General
Fund within the overall limit of £240m for new capital
expenditure.

Decision

Decision
 
For the reasons set
out in the report and its appendices Cabinet RESOLVED to Agree
to:
 

i) 
Note the projected outturn for Treasury Management (TM) 2024/25
including the estimated prudential indicator and treasury limit
outturn; 

ii) 
and note long term borrowing drawn down from the PWLB to finance
the 2024/25 Capital Programme.
 
Alternatives
Considered
 
N/A