The Council was required to approve a Treasury Management Strategy before the start of each financial year. This was in accordance with the Chartered Institute of Public Accountancy Code of Practice on Treasury Management 2021. The Council’s Treasury Management Strategy set out the parameters for the Council’s planned treasury activity during 2024/25 under which the Treasury Team would manage activity. The strategy reflected the Council’s proposed Capital Programme 2024/25 to 2028/29.

Members voted unanimously in favour to approve recommendations 1.1, 1.2, 1.3 and to note recommendation 1.4.

RESOLVED

That Council approved:

1.1      The proposed Treasury Management Strategy for 2024/25;

1.2      The proposed MRP Policy for 2024/25 as set out in Section 9;

1.3      The proposed Borrowing Strategy as set out in Section 7.

That Council noted:

1.4      The requirement within the Prudential Code 2021 for quarterly reporting on the Council’s Treasury Management activities. These reports will be presented quarterly during the year.