Issue - meetings

To consider a report of the Cabinet Member for Finance & Resources.

The Cabinet Member for Finance & Resources (Councillor Jilly Julian) submitted a report (copies of which had been circulated) inviting the Council Meeting to consider the2024/25 Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy.

RESOLVED – That approval be given to:

(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 2024/25.

To consider a report of the Cabinet Member for Finance & Resources.

This comprehensive report proposes the 2024/25 Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators, which are constructed in compliance with the CIPFA Treasury Management Code of Practice.

The first part of the report details the Council’s Capital expenditure plans and Strategy which are a key driver to the long-term borrowing aspect of treasury management activity and strategy; these are reflected in a number of prudential and treasury indicators.  The report develops to show how capital expenditure funded by prudential borrowing is subsequently charged against the Council’s revenue resources in the Minimum Revenue Provision (MRP) Policy Statement.

Fundamentals of the Council’s investment policy, approach to creditworthiness and investment strategies for 2024/25 are included in the Annual Investment Strategy statement. The report provides an economic commentary and interest rate forecast, detailing likely scenarios for the economy and financial markets in 2024/25 based on current information.

The Cabinet is requested to recommend that the Council Meeting approves:

(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.

Officer Contact: Lorna Soufian on 0161 474 4026 or email: lorna.soufian@stockport.gov.uk

The Cabinet Member for Finance & Resources (Councillor Jilly Julian) submitted a report (copies of which had been circulated) detailing the 2024/25 Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Policy.

RESOLVED – That the Council Meeting be recommended to approve:-

(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.