Decision Maker: Cabinet, Assembly

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 25, 2025

Purpose:

Content: Cabinet resolved to recommend the Assembly to:   (i)  Approve the Capital Strategy, as set out at Appendix 1 to the report, and the consequent borrowing forecasts for the period 2025/26 to 2027/28;   (ii)  Approve the Capital Prudential and Treasury Indicators 2025/26 to 2027/28, as set out at Appendix 2 to the report;   (iii)  Note the strategic approach to future borrowing as set out in section 5 of the report;   (iv)  Approve the Treasury Investment Strategy, as set out in section 6 of the report, including an unlimited limit for deposits with the Debt Management Account Deposit Facility;   (v)  Delegate authority to the Strategic Director, Resources, in consultation with the Leader of the Council, to amend the counterparty lending limits agreed within the Treasury Investment Strategy if required due to higher short-term cash held from borrowing;   (vi)  Approve the Minimum Revenue Provision Policy Statement 2025/26 as set out at Appendix 3 to the report; and   (vii)  Note the risks set out in section 11 of the report.