Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 4, 2024

Purpose: The report confirms compliance with Treasury and Prudential limits agreed by Full Council.

Content: RESOLVED:   That Cabinet:   1.     Agreed the Treasury Strategy activity as set out in the report.   2.     Recommended to Council the revision to the Prudential Indicators as set out in section 9 of the report.   3.     Noted that the changes to prudential indicators reflect the reduction of internal cash balances and the need to externalise debt; this is a straightforward liquidity requirement unrelated to other financial matters and would have been required at this time regardless of the wider financial position.   4.     Noted that provision for additional borrowing costs in revenue budgets was included in the 2024/25 budget.