Decision details

2024/25 Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy (F&R28)

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This comprehensive report sets out the Council’s Treasury Management Strategies for 2024/25 which are constructed in full compliance with the CIPFA Treasury Management Code and the Council's Treasury Management Policy Statement and Practices.

Decision:

The Cabinet has considered the Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2024/25 and has agreed to recommended that the Council Meeting:-

 

(1) The Minimum Revenue Provision Policy for 2024/25.

 

(2) The Capital Expenditure Forecasts and Capital Financing Requirement projections.

 

(3) The Treasury Management Strategy 2024/25.

 

(4) The Treasury and Prudential Indicators and Limits 2024/25-2026/27.

 

(5) The Annual Investment Strategy (AIS) 2024/25.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Policy Framework & Budget;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: An Equalities Impact Assessment will be included within the report.

Decision Reference: CAB445

Declarations or conflicts of Interest: None.

Forward Plan Reference: F&R28

Other reasons / organisations consulted

The Council has delegated the role of ensuring effective scrutiny of its Treasury Management Strategy to the Corporate, Resource Management and Governance Scrutiny Committee (CRMG). As such, the views of CRMG were sought and any opinions or suggestions made have been taken into account when formulating the Council's Treasury Management Strategies for 2024/25.CRMG were consulted in a separate report on 21.11.23 and as such this report will not go to CRMG

Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.

Report author: Lorna Soufian

Publication date: 31/01/2024

Date of decision: 30/01/2024

Decided at meeting: 30/01/2024 - Cabinet

Accompanying Documents: