Decision details

To consider the Treasury Management Strategy for 2025/26. This includes setting the Prudential Indicators as set out in the Prudential Code and approving the Minimum Revenue Provision Policy Statement and Annual Investment Strategy for 2025/26.

48.1     The Cabinet considered a report by the Chief Operating Officer.

48.2     It was RESOLVED to recommend the County Council to:

1)         Approve the Treasury Management Policy and Strategy Statement for 2025/26;

2)         Approve the Annual Investment Strategy for 2025/26;

3)         Approve the Prudential and Treasury Indicators 2025/26 to 2027/28; and

4)         Approve the Minimum Revenue Provision (MRP) Policy Statement 2025/26 at Appendix 1 (Section 3) of the report.

Reason

48.3     The report fulfils the requirement to submit an annual/half yearly report in the form prescribed in the Treasury Management Code of Practice. The report sets out the acceptable limits on ratings, investment periods, amounts to be invested and the borrowing strategy. The financial position is kept under constant review and if at any time it is felt that any of these limits represent an unacceptable risk appropriate and immediate action will be taken accordingly.