Purpose

Outlines proposals and seeks
agreement for the Treasury Management Strategy Statement,
Investment Strategy and Minimum Revenue Provision Policy Statement
2025-26.
 
Following Cabinet, the Treasury
Management Strategy Statement, Investment Strategy and Minimum
Revenue Provision Policy Statement 2025-26 is to be submitted to
Budget Council 26th Feb 2025.
 

Content

The Executive Mayor and Cabinet
RESOLVED to recommend to Full Council that it:
 
a) Approves the Treasury
Management Strategy Statement 2025/26 as set out in this
report.
 
b) Approves the Prudential
Indicators as set out in Appendix A of this report.
 
c) Approves the Annual Minimum
Revenue Provision Policy Statement (required by the Local
Authorities (Capital Financing and Accounting) (England)
(Amendment) Regulations 2008SI 2008/414) as set out in Appendix
B.
 
d) Approves the Borrowing
Strategy (Section 8.18 to 8.29) and Investment Strategy (Section
9).
 
e) Notes the Treasury
Management Strategy Statement and Medium
Term Financial Strategy demonstrate that the Council becomes
increasingly unsustainable financially in the medium term and the
Council is working with the new government as part of the Spending
Review for 2025 to resolve this.