Issue - meetings

It is recommended that:

1.    Approval be given to the future borrowing and investment strategies as outlined in this report.

2.    The Strategic Director of Finance, in consultation with the Cabinet Member for Finance and Reform, be delegated authority to manage the Council’s cash flow, borrowing and investments in 2024/25 in line with this report.

3.    In relation to the Council’s overall borrowing for the financial year, to approve the Prudential Indicators as set out in this report and the revised Annual Investment Strategy set out in Appendix E.

Councillor Ree introduced the report setting out the Council’s Treasury Management Strategy for the year ahead. He thanked Phil Triggs and his team for doing a fantastic job in making sure there were funds needed to spend throughout the year, particularly in the difficult market conditions over the last couple of years. Councillor Coleman echoed the thanks to the officers in the treasury management team.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS:

It is recommended that:

1.    Approval be given to the future borrowing and investment strategies as outlined in this report.

2.    The Strategic Director of Finance, in consultation with the Cabinet Member for Finance and Reform, be delegated authority to manage the Council’s cash flow, borrowing and investments in 2024/25 in line with this report.

3.    In relation to the Council’s overall borrowing for the financial year, to approve the Prudential Indicators as set out in this report and the revised Annual Investment Strategy set out in Appendix E.