Issue - meetings

Council considered a report presented by Councillor Moesby Portfolio Holder for Resources which sought approval for the Authority’s proposed suite of Treasury Strategies for the period 2026/27 to 2029/30 which included:

·       The Treasury Management Strategy which provided the framework for managing the Authority’s cash flows, borrowing and investments for the period. The Prudential indicators aimed at monitoring risk also included at Appendix 1.

·       The Capital Strategy, which 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 Authority’s services.  This included information relating to minimum revenue provision, capital financing requirements and prudential indicators aimed at monitoring risk in Appendix 2.

·       The Corporate Investment Strategy focused on investments made for service purposes and commercial reasons, rather than those made for treasury management.  Investments covered by this strategy included earning investment income through commercial investments or by supporting local services by lending to or buying shares in, other organisations as shown in Appendix 3.

These provided an approved framework within which the officers undertake the day-to-day capital and treasury activities.

Moved by Councillor Moesby and seconded by Councillor Hiney-Saunders

RESOLVED (1) that Council approved the Treasury Management Strategy at

          Appendix 1 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 met the Authority’s Criteria before any investment was undertaken.

        (d) The Prudential Indicators.

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

                    (a) The Capital Financing Requirement.

                    (b) The Minimum Revenue Provision Statement for 2026/27.

                    (c) The Prudential Indicators for 2026/27 detailed in the Capital

                    Strategy, in particular:

                              Authorised Borrowing Limit          £155.738m

                              Operational Boundary                  £150.738m

                              Capital Financing Requirement    £145.738m

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

          be approved.

Councillor Davis returned to the meeting at 11.30 am.