Decision Maker: Governance and Audit Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 25, 2025

Purpose:

Content: Resolved that the Governance and Audit Committee scrutinise the Treasury Management report and recommend that the Executive recommends the following to Council:   a)    Approve the Treasury Management Strategy for 2025/26, which includes:   ·       the Minimum Revenue Provision Policy Statement for 2025/26 (Appendix 1) ·       the Annual Investment Strategy for 2025/26 (Appendix 2).   b)    Approve the Prudential Indicators set out in the Treasury Management Strategy, which demonstrate that the Council’s capital investment plans are affordable, prudent and sustainable (the Prudential Indicators are summarised in Section 4).   c)    Agree that future loans to third parties to be charged at a minimum interest rate to cover all the Council’s capital financing costs in providing the loan, namely MRP and interest plus 1% for risk (paragraph 88 of the TMS).   To be actioned by: Interim Director, Finance   (Steve Mair – 07786 525809)