Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 12, 2025

Purpose: Outlines proposals and seeks agreement for the Treasury Management Strategy Statement, Investment Strategy and Minimum Revenue Provision Policy Statement 2025-26.   Following Cabinet, the Treasury Management Strategy Statement, Investment Strategy and Minimum Revenue Provision Policy Statement 2025-26 is to be submitted to Budget Council 26th Feb 2025.  

Content: The Executive Mayor and Cabinet RESOLVED to recommend to Full Council that it:   a) Approves the Treasury Management Strategy Statement 2025/26 as set out in this report.   b) Approves the Prudential Indicators as set out in Appendix A of this report.   c) Approves the Annual Minimum Revenue Provision Policy Statement (required by the Local Authorities (Capital Financing and Accounting) (England) (Amendment) Regulations 2008SI 2008/414) as set out in Appendix B.   d) Approves the Borrowing Strategy (Section 8.18 to 8.29) and Investment Strategy (Section 9).   e) Notes the Treasury Management Strategy Statement and Medium Term Financial Strategy demonstrate that the Council becomes increasingly unsustainable financially in the medium term and the Council is working with the new government as part of the Spending Review for 2025 to resolve this.