Decision Maker: Cabinet

Outcome: Decision approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: December 3, 2024

Purpose: The Treasury Management Code of Practice (“the Code”) requires the Director of Finance (DoF) to provide a mid-year update on the treasury strategy.   The Treasury Management Projected Outturn 2024/25 including the prudential indicator outturn.   To amend the CDR’s new long term borrowing permissions set out in the Summer Finance Review annex C2 Financing the Capital Strategy Table 1 so that any borrowing amount can be made for either Housing Revenue Account (HRA) or the General Fund within the overall limit of £240m for new capital expenditure.

Content: Decision   For the reasons set out in the report and its appendices Cabinet RESOLVED to Agree to:   i)  Note the projected outturn for Treasury Management (TM) 2024/25 including the estimated prudential indicator and treasury limit outturn;  ii)  and note long term borrowing drawn down from the PWLB to finance the 2024/25 Capital Programme.   Alternatives Considered   N/A