Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: June 11, 2025

Purpose:

Content: DECISION: The Cabinet agreed to:   Note the Treasury Outturn position for 2024/25. Recommend to Council an update to the Council’s investment policy by increasing the limit on deposits placed with UK Banks from £5m to £25m providing the counter party meets the minimum long term credit rating of A- consistent with the Council’s investment policy for Money Market Funds. Recommend to Council an increase in the proportion of principal loan repayments allowed to fall due in ten years from 45% to 50% to provide flexibility for new borrowing whilst maintaining the stability of the loan’s portfolio.