Decision details
Treasury Strategy 2024/25 Mid-Year Review
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The report confirms compliance with Treasury
and Prudential limits agreed by Full Council.
Decision:
RESOLVED:
That Cabinet:
1. Agreed the Treasury Strategy activity as set out in the report.
2. Recommended to Council the revision to the Prudential Indicators as set out in section 9 of the report.
3. Noted that the changes to prudential indicators reflect the reduction of internal cash balances and the need to externalise debt; this is a straightforward liquidity requirement unrelated to other financial matters and would have been required at this time regardless of the wider financial position.
4. Noted that provision for additional borrowing costs in revenue budgets was included in the 2024/25 budget.
Report author: Ben Jay
Publication date: 04/12/2024
Date of decision: 04/12/2024
Decided at meeting: 04/12/2024 - Cabinet
Effective from: 12/12/2024
Accompanying Documents:
- Treasury Strategy 2024.25 Mid-Year Review-18102024 1044
PDF 396 KB - TS Appendix A - Shropshire Council Monthly Investment Report September 2024
PDF 251 KB
- TS Appendix B Prudential Indicators
PDF 102 KB
- TS Appendix C Prudential Borrowing Approvals
PDF 823 KB
- TS Appendix D Economic Background and Borrowing Update
PDF 168 KB