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.
Decision type: Key
Reason Key: Both (expenditure > £250,000 and affects 2 or more wards);
Decision status: For Determination
Wards affected: (All Wards);
Notice of proposed decision first published: 03/01/2025
Anticipated restriction: Public -
Decision due: 5 Feb 2025 by Executive
Lead member: 7) Executive Member for Finance
Lead director: Director of Finance
Contact: Justin Weston Email: Justin_Weston@middlesbrough.gov.uk.