Purpose

Treasury Management and Investment Strategy for 2024/2025

Decision

That:

1. The Treasury Management Strategy for 2024/25 (Appendix 2 to the report) be approved with effect from 1 April 2024;
2. The Investment Strategy for 2024/25 (Appendix 3 to the report) be approved with effect from 1 April 2024;
3. The County Council requires the Executive Director for Resources to ensure that gross borrowing does not exceed the prudential level specified (Appendix 2 to the report, Section 3.13, Table 12 “Authorised Borrowing Limit”);
4. The revised lending limits for the Warwickshire Property Development Group (WPDG) (Appendix 3 to the report, Annex 7) come into immediate effect;
5. The revised lending limits for the Warwickshire Investment Fund (WIF) (Appendix 3 to the report, Annex 7) come into immediate effect;
6. The County Council requires the Executive Director for Resources to ensure that gross investment in non-Treasury investments does not exceed the prudential levels specified (Appendix 3 to the report, Annex 7);
7. The County Council delegates authority to the Executive Director for Resources to undertake such delegated responsibilities as are set out in  Appendix 2 to the report, Annex 7, and Appendix 3 to the report, Section 2.5; and
8. The County Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 2 to the report, Section 2.11-2.26).