Decision Maker: Cabinet, Full Council

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 5, 2025

Purpose: This report will set the limits and method of investing the council’s surplus funds taking into account the statutory restrictions on local authority investments and borrowings. While the Council is debt free and expects to continue this policy for the foreseeable future, the report will set limits and establish procedures for any borrowings that may be required.

Content: RESOLVED That the Full Council be recommended to approve: a)             the Treasury Prudential Indicators and the Minimum Revenue Provision (MRP) Statement contained within Sections 5.4 and 6.3 of report FIN/686; b)             the Treasury Management Strategy contained within Section 6 of report FIN/686; c)             the Investment Strategy contained within Section 7 of report FIN/686; Reasons for the Recommendations   The Council’s financial regulations, in accordance with the CIPFA Code of Practice for Treasury Management, requires a Treasury Management Strategy to be approved for the forthcoming financial year.  This report complies with those requirements.