Decision Maker: Executive, Council

Outcome: Recommendations approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: February 13, 2025

Purpose: To recommend to Council the Capital, Investment and Treasury Management Strategies and MRP Statement.

Content: The Executive RESOLVED That  (i)    the Investment Strategy be reviewed by the Strategic Director of Finance to ensure that the Council is managing risk and achieving appropriate diversification, and a report be brought to a future Executive; and The Executive RECOMMENDED to Budget Setting Council on 3 March 2025 That  (i)    subject to Ministry of Housing, Communities and Local Government (MHCLG)’s confirmation of Exceptional Financial Support for 2025/26, the Capital Strategy and Treasury Management Strategy including the prudential indicators be approved; and           (ii)   subject to MHCLG’s confirmation of Exceptional Financial Support for 2025/26, the Minimum Revenue Provision policy statement set out in Appendix A of the Treasury Management Strategy (at Annex III of the report) be approved. Reason:   To enable the Executive to recommend to Council approval of the Council’s 2025/26 Capital Strategy and Treasury Management Strategy and the Council’s 2025/26 Minimum Revenue Provision Policy Statement, subject to MHCLG’s confirmation of Exceptional Financial Support for 2025/26.