Content

Recommended that Full Council
1.             
Approve the upper limit for principal sums invested for longer than
365 days contained in section 4.6 of the attached Treasury
Management Policy Statement.
2.             
Approve the upper and lower limits on the maturity structure of
borrowing contained in appendix 5.1 of the attached Treasury
Management Policy Statement.
3.             
Approve the attached Treasury Management Policy Statement including
the Treasury Management Strategy and Annual Investment Strategy for
2026/27.
4.             
Note that there are no significant changes to the Treasury
Management Policy for 2026/27 compared to 2025/26.
5.             
Approve that as set out in section 1.5 of the Treasury Management
Policy Statement, the Director of Finance and Resources (Section
151 Officer) and officers nominated by him have delegated authority
to:
(i)     
invest surplus funds in accordance with the approved Annual
Investment Strategy
(ii)    
borrow to finance short term cash deficits and capital payments
from any reputable source within the authorised limit for external
debt of £1,108m
(iii)   
reschedule debt to even the maturity profile or to achieve revenue
savings; and
(iv)  
buy and sell foreign currency, and to purchase hedging instruments
including forward purchases, forward options, and foreign exchange
rate swaps to mitigate the foreign exchange risks associated with
some contracts that are either priced in foreign currencies or
where the price is indexed against foreign currency exchange
rates.
6.             
Agree that the Director of Finance and Resources (Section 151
Officer) has the power to delegate treasury management operations
to relevant staff.
7.             
Agree that the Chief Executive, the Leader of the City Council and
the Chair of the Governance and Audit and Standards Committee be
informed of any material variances from the Treasury Management
Policy when they become apparent, and that the Leader of the City
Council be consulted on remedial action (paragraph 1.2.4 of
Treasury Management Policy Statement).