Decision details

Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2024/25

Decision Maker: Council Meeting

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This report provides Cabinet with a mid-year review of the Council’s Treasury Management Strategy Statement and Annual Investment Strategy for 2024/25, approved by Council on 22 February 2024, and has been prepared in accordance with the CIPFA Code of Practice for Treasury Management in the Public Services (revised 2021).

Decision:

The Council Meeting has:-

 

(1) Noted the report and the treasury activity in the first half of the financial year.

 

(2) Approved and noted the Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy for 2024/25 approved in February 2024 will continue to be followed considering the forecasts and conclusion set out in the report.

 

(3) Noted the revised interest rate forecasts for PWLB rates over the short and medium term which will drive the council’s long-term borrowing strategies

going forward.

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 Equality Impact assessment was undertaken in the Treasury Management Strategy Report for 2024/25 that went to full Council on 22 February 2025. This is a mid-year update on that Strategy.

Decision Reference: CMD242

Declarations or conflicts of Interest: None.

Forward Plan Reference: F&R39

Other reasons / organisations consulted

CRMG were consulted on 21.11.23 prior to the formulation of the Treasury Management Strategy for 2024/25.

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

Report author: Lorna Soufian

Publication date: 20/01/2025

Date of decision: 16/01/2025

Decided at meeting: 16/01/2025 - Council Meeting

Accompanying Documents: