Decision details

TREASURY MANAGEMENT - ANNUAL INVESTMENT STRATEGY 2024/25 & QUARTER 3 PERFORMANCE 2023/24

Decision Maker: Portfolio Holder for Resources, Commissioning and Contracts Management

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

That:

 

(a)  The Treasury Management performance for the third quarter of 2023/24 be noted;

 

(b)  Council be recommended to agree to adopt the Treasury Management Statement and the Annual Investment Strategy for 2024/25 including:

 

(i)  the Prudential Indicators for the period 2024/25 to 2026/27 (Annex 3 of Appendix 4); and

(ii)  the Minimum Revenue Provision (MRP) Policy Statement (paragraph 2.4 of Appendix 4).

 

Reasons for the decision:

The Council is required by statute to agree and publish prudential indicators, primarily to confirm that the Council’s capital expenditure plans are affordable and sustainable.  In line with government guidance, the Council’s policy is to seek to achieve the highest rate of return on investments whilst maintaining appropriate levels of risk, particularly security and liquidity.

 

Publication date: 06/02/2024

Date of decision: 06/02/2024

Accompanying Documents: