Decision details

The Portfolio Holder for Resources presented a report which set out the suite of Treasury Strategies for 2024/25 to 2027/28.  The following were appended to the report:

·         Treasury Management Strategy, Arlingclose Economic & Interest Rate Forecast at Appendix 1.

·         Capital Strategy, Capital Programme and Annual Minimum Revenue Provision Station at Appendix 2.

·         Corporate Investment Strategy at Appendix 3.

The report explained that the Treasury Management Strategy provided the framework for managing the Council’s cash flows, borrowing and investments for the period.  The Capital Strategy was intended to provide a high level, concise overview of how capital expenditure, capital financing and treasury management activity contributed to the provision of the Council’s services.  The Corporate Investment Strategy focussed on investments made for service purposes and commercial reasons, rather than those made for treasury management.  These strategies provided an approved framework within which officers would undertake the day-to-day capital and treasury activities.

Moved by Councillor Clive Moesby and seconded by Councillor Duncan McGregor

RESOLVED that (1) the Treasury Management Strategy at Appendix 1, be approved, in particular:

a)    approve the Borrowing Strategy

b)    approve the Treasury Management Investment Strategy

c)    approve the use of the external treasury management advisors Counterparty Weekly List – or similar – to determine the latest assessment of the counterparties that meet the Authority’s Criteria before any investment is undertaken

d)    approve the Prudential Indicators

(2) the Capital Strategy as set out in Appendix 2, be approved, in particular:

a)    approve the Capital Financing Requirement

b)    approve the Minimum Revenue Provision Statement for 2024/25

c)    approve the Prudential Indicators for 2024/25 detailed in the Capital Strategy, in particular:

Authorised Borrowing Limit                  £159.969m

Operational Boundary                           £154.969m

Capital Financing Requirement          £149.969m

(3) the Corporate Investment Strategy, as set out in Appendix 3, be approved.

            (Director of Finance and Section 151 Officer)