Decision details

Treasury Management Strategy

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No



That it be noted that following recommendation regarding the Treasury Management Strategy 2024/25 would formally considered by the Audit & Corporate Governance Committee on 29th February 2024:


"Audit & Corporate Governance Committee is asked to recommend to Council the following:


a.  Approve the Treasury Management Strategy (TMS) for 2024/25 at Appendix 1 including:


  i.  the Annual Investment Strategy for 2024/25 (within Appendix 1 page 23)

  ii.  the Annual Borrowing Strategy for 2024/25 (within Appendix 1 page 13)

  iii.  Minimum Revenue Provision Policy Statement for 2024/25 (within Appendix 1 page 33)

  iv.  the Prudential Indicators for the period 2024/25 to 2026/27 (Appendix 1 page 18)

  v.  the Capital Strategy for the 2024/25 (Appendix 1 page 17)"


The Cabinet noted that an updated version of the TMS would be provided to the Audit & Corporate Governance Committee which included the following additional indicators be incorporated within the Treasury Management Strategy.


·  A £4m minimum level of HRA general reserve

·  A £5m minimum level of Major Repairs Reserves

·  A 1.25 times HRA interest cover ratio

Publication date: 16/02/2024

Date of decision: 26/02/2024

Decided at meeting: 26/02/2024 - Cabinet

Accompanying Documents: