Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: February 10, 2026

Purpose:

Content: Salford City Council - Record of Decision (Cabinet)   I Paul Dennett, City Mayor, in exercise of the powers contained within the City Council Constitution do hereby approve the 2026/27 Treasury Management Strategy, Annual Investment Strategy and Minimum Resource Provision Policy Statement as set out in this report and refer it for approval by Full Council on 25th February 2026. In doing so I approve: The Treasury Management Strategy Annual Investment Strategy for Treasury management and non-Treasury management investments and specifically: Approve the policy for the calculation of Minimum Revenue Provision Approve the Treasury Management Policy Statement and Practices   Options considered and rejected were:None Assessment of Risk: The monitoring and control of risk underpins treasury management activities. The main risks are of adverse or unforeseen fluctuations in interest rates and loss of Capital. Risk control measures mitigate these risks. Legal Advice obtained: The Treasury Management Strategy, Minimum Revenue Provision Policy and Annual Investment Strategy set out the Council's policies for managing its investments which includes giving priority to security and liquidity. It is effectively the management of the Council’s cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities and the pursuit of optimum performance consistent with those risks. The Local Government Act 2003 (the Act) and supporting regulations require the Council to “have regard” to “such guidance as the Secretary of State (for the Department for Levelling Up, Housing and Communities (DLUHC)) may issue, namely the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Prudential Code and to set Prudential and Treasury Indicators for the next three years to ensure that the Council’s capital investment plans are affordable, prudent and sustainable. The Act therefore requires the Council to set out its Treasury Management Strategy at the start of each new financial year and to prepare an Annual Investment Strategy (as required by Investment Guidance subsequent to the Act and referred to at section 7 of this report); this sets out the Council’s policies for maintaining capital security whilst managing its investments and for giving priority to the security and liquidity of those investments to enable it to carry out its business. The borrowing strategy (at section 6 of the report) aims to minimise the revenue cost of debt whilst securing the Council from revenue pressures in the event of interest rate volatility. The strategy covers the relevant treasury/prudential indicators, the current and projected debt positions, and the annual investment strategy. One revenue consequence of borrowing is the statutory requirement to set aside an amount for repayment of debt, known as Minimum Revenue Provision (MRP), which is an annual revenue expense in the Council’s budget. Regulations require the authority to determine annually a principle by which MRP will be determined. The Council’s policy for determining the MRP is set out in Appendix A to this report. Financial Advice obtained: Contained within this report Procurement Advice obtained: Not applicable HR Advice obtained: Not applicable Climate Change Advice obtained: When we make investments, they fully support the ethos of socially responsible investments. And therefore, where consistent with our fiduciary responsibilities, we will avoid direct investment in institutions with material links to environmentally harmful activities including fossil fuels. The following documents have been used to assist the decision process: 2026/27 capital strategy and programme Contact Officer:  Rachel Rosewell         , Chief Finance Officer                    Telephone number: 07855066602         The appropriate scrutiny to call-in the decision is the Overview and Scrutiny Board   Signed: Paul Dennett          Dated: 17th February 2026             City Mayor   For Democratic Services use only   This decision was published on 18.02.26.                                           This decision will come in force at 4.00 p.m. on 25.02.26 unless it is called-in in accordance with the Decision Making Process Rules.