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Decision details

Treasury Strategy 2025/26

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The report proposes the Treasury Strategy for 2025/26 and recommends Prudential and Treasury Indicators for 2023/24 to 2025/26.

Decision:

RESOLVED:

 

That Cabinet recommends that Council:-

 

a.     Approve, with any comments, the Treasury Strategy for 2025/26

 

b.     Approve, with any comments, the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003.

 

c.     Approve, with any comments, the Investment Strategy, set out in Appendix 2 in accordance with the DLUHC Guidance on Local Government Investments.

 

d.     Approve, with any comments, the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3.

 

e.     Authorise the Section 151 Officer to exercise the borrowing powers contained in Section 3 of the Local Government Act 2003 and to manage the Council’s debt portfolio in accordance with the Treasury Strategy.

 

f.      Authorise the Section 151 Officer to use other Foreign Banks which meet Link’s creditworthiness policy as required.

 

g.     Authorise the Section 151 Officer to increase the PRS Loan Facility from £10m to up to £30m, pending Housing Supervisory Board consultation and cabinet approval.

Report author: Ben Jay

Publication date: 12/02/2025

Date of decision: 12/02/2025

Decided at meeting: 12/02/2025 - Cabinet

Effective from: 20/02/2025

Accompanying Documents:

 

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