Decision

 
That it be noted that following
recommendation regarding the Treasury Management Strategy 2024/25
would formally considered by the Audit & Corporate Governance
Committee on 29th February 2024:
 

"Audit & Corporate
Governance Committee is asked to recommend to Council the
following:

 

a. 
Approve the
Treasury Management Strategy (TMS) for 2024/25 at Appendix 1
including:
 

 
i. 
the Annual
Investment Strategy for 2024/25 (within Appendix 1 page
23)

 
ii. 
the Annual
Borrowing Strategy for 2024/25 (within Appendix 1 page
13)

 
iii. 
Minimum Revenue
Provision Policy Statement for 2024/25 (within Appendix 1 page
33)

 
iv. 
the Prudential
Indicators for the period 2024/25 to 2026/27 (Appendix 1 page
18)

 
v. 
the Capital
Strategy for the 2024/25 (Appendix 1 page 17)"
 
The Cabinet noted that
an updated version of the TMS would be provided to the Audit &
Corporate Governance Committee which included the following
additional indicators be incorporated within the Treasury
Management Strategy.
 

· 
A £4m minimum level of HRA general reserve

· 
A £5m minimum level of Major Repairs Reserves

· 
A 1.25 times HRA interest cover ratio