Purpose

The report confirms compliance with Treasury
and Prudential limits agreed by Full Council.

Decision

RESOLVED:
 
That Cabinet:
 

1.    
Agreed the Treasury Strategy activity as set out in the report.
 

2.    
Recommended to Council the revision to the Prudential Indicators as
set out in section 9 of the report.
 

3.    
Noted that the changes to prudential indicators reflect the
reduction of internal cash balances and the need to externalise
debt; this is a straightforward liquidity requirement unrelated to
other financial matters and would have been required at this time
regardless of the wider financial position.
 

4.    
Noted that provision for additional borrowing costs in revenue
budgets was included in the 2024/25 budget.