Issue - meetings

TREASURY MANAGEMENT STRATEGY

Meeting: 04/02/2025 - Cabinet (Item 123)

123 TREASURY MANAGEMENT STRATEGY 2025-26 PDF 2 MB

Additional documents:

UPDATED - Treasury Management Strategy Statement 2526 V2, item 123 PDF 2 MB

Decision:

RECOMMENDED: That the Treasury Management Strategy Statement 2025/2026 be approved including:

· treasury indicators for 2025-2029.

· The Minimum Revenue Provision Policy 2025/2026

· The Investment Strategy 2025/2026

Reason for the Decision

The Council must have approved a Treasury Management Strategy Statement,

Minimum Revenue Provision Policy Statement and Annual Investment Strategy

2025/2026 by 31 March 2025.

Minutes:

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Councillor Morley presented the report which explained that the Council was required to receive and approve a Treasury Management Strategy Statement; Annual Investment Strategy; and Minimum Revenue Provision Policy Statement which

covered:

· The Treasury Management Strategy

· Capital plans, including prudential indicators

· A Minimum Revenue Provision (MRP) Policy

· An Investment Strategy

The report covered the requirements of the Local Government Act 2003, the Chartered Institute of Public Finance Accountants (CIPFA) Prudential Code, The Ministry of Housing, Communities and Local Government (MHCLG), MRP Guidance, the CIPFA Treasury Management Code and the MHCLG Investment Guidance.

The Council’s Treasury Advisor, Link Asset Services, provided a template document for the Treasury Management Strategy Statement, which was fully compliant with CIPFA’s code and MHCLG’s guidance. The Council had used this template in preparing this report.

The report looked at the period 2024-2029, which fitted with the Council’s Financial Strategy and Capital Programme. Officers of the council had prepared the report based on their views of forecasts for interest rates, and had used information provided by the council’s Treasury Management Advisor, Link Asset Services.

It was noted that the Treasury Management report would now be reported to the Audit Committee for monitoring quarterly.

The Meeting of the Joint Panels had supported the recommendations.