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The Cabinet considered
a report of the Director of Corporate Services / Chief Finance
Officer, which sought approval for the 2025/26 Treasury Management
Strategy (TMS), set out in Appendix 1 of the report, which outlined
how the Council would meet the requirements of the relevant
legislation, codes of practice and guidance that form the
Prudential Framework.
 
The report author
was in attendance to present the
information and to address the questions and the comments of the
Cabinet Members.
 
Resolved:
1.   
That the Treasury Management Strategy for 2025/26 be recommended to
Council for approval with particular reference to:

a.   
The objectives of treasury management contained in section 2 of
Appendix A of the report;

b.   
The forecasted capital financing / borrowing requirement in section
3.1.1 (Table 2) and 3.1.2 (Table 3) of the report;

c.   
The Operational Boundary and Authorised Limit for debt contained in
section 3.1.3 (Table 4) of the report;

d.   
The Council’s criteria for assessing the creditworthiness of
counterparties for investments contained in section 3.2.1 with an
emphasis on security of capital over return, noting the
institutional investment limits in Table 8 (3.2.4) of the
report;

e.   
The additional Prudential and Treasury Indicators identified in
section 3.4 of the report;

f.    
The Minimum Revenue Provision Policy contained in section 3.5 of
the report;
2.   
That the Chief Finance Officer be given delegated authority to
approve a breach in The Operational Boundary and Authorised Limit
for debt contained where it would be advantageous to the Council
(3.1.3 of the report);
3.   
That the Chief Finance Officer be given
delegated authority to temporarily suspend or amend the
Council’s own creditworthiness criteria adjusting limits with
individual counterparties, if appropriate, as described in section
3.2.1 of the report.
 
Reason for
decision:
The report
was produced to gain Cabinet
Members’ approval of the Treasury Management Strategy for
submission to Full Council and to ensure that Cabinet Members were
informed of and ensure adherence to the requirements of the
Prudential Framework.
 
Alternatives
considered and rejected:
There were no feasible
alternatives – all proposals were in accordance with the
revised CIPFA Prudential Code and Code of Practice on Treasury
Management, which had been formally
adopted by the Council and with Government guidance
regarding the Treasury Management Strategy.