Issue - meetings

The Portfolio Holder for Resources presented a report which set out the suite of Treasury Strategies for 2025/26 to 2028/29.  The following were appended to the report:

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

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

·       Corporate Investment Strategy at Appendix 3.

The report explained that the Treasury Management Strategy provided the framework for managing the Authority’s cash flows, borrowing and investments and associated risks for the years 2025/26 to 2028/29 as well as the parameters for all borrowing and lending as detailed in Appendix 1.

The Capital Strategy provided a high level, concise overview of how capital expenditure, capital financing and treasury management activity contributed to the provision of the Authority’s services.

The Corporate Investment Strategy focused on investments made for service purposes and commercial reasons, rather than those made for treasury management.

The 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 David Bennett RESOLVED that (1) the Treasury Management Strategy at Appendix 1, be

          approved, and in particular:

a)    The Borrowing Strategy.

b)    The Treasury Management Investment Strategy.

c)     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 was undertaken.

d)    The Prudential Indicators.

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

a)    The Capital Financing Requirement.

b)    The Minimum Revenue Provision Statement for 2025/26.

c)     The Prudential Indicators for 2025/26 detailed in the Capital Strategy, in particular:

               Authorised Borrowing Limit          £163.548m

               Operational Boundary                  £158.548m

               Capital Financing Requirement    £153.548m

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

(Councillors Anne Clarke, Emma Stevenson, Janet Tait, Deborah Watson and Carol Wood left the room for the next item)