Decision details

The report outlined the Council’s prudential indicators for the financial years 2025/26 – 2028/29 and set the framework and approved the limits within which the treasury management operations for this period would work. It fulfilled key legislative and guidance requirements as follows:

·         The setting of the prudential indicators which set out the expected capital activities and treasury management prudential indicators (included as treasury indicators) in line with the Chartered Institute of Public Finance and Accountancy (CIPFA) Treasury Management Code of Practice.

·         The Treasury Management Strategy statement which set out how the Council’s treasury function would support capital decisions taken above, day to day treasury management activities on service delivery and any limitations on these, via the treasury prudential indicators.

·         The approval of the Council’s Minimum Revenue Provision (MRP) Policy, which set out how the Council would pay for historic capital debt for the financial year.

AGREED that Executive note the contents of the report and submit the following to Council for approval:

1.    The Prudential Indicators and Limits for 2025/26 to 2028/29 relating to capital expenditure and treasury management activity set out in tables 1 to 10 of Appendix 1 of the report.

2.    The Treasury Management Strategy for 2025/26, which included the Annual Investment Strategy for that financial year.

3.    The Minimum Revenue Provision (MRP) Policy for the 2025/26 financial year.

4.    An Authorised Limit for External Debt of £331 million for the 2025/26 financial year.