Issue - meetings
Treasury Management Strategy
Meeting: 21/03/2024 - Council (Item 89)
89 Treasury Management Strategy 2024/25 
PDF 118 KB
To consider the report of the Cabinet Member for Performance and Resources seeking approval for the Treasury Management Strategy 2024/25 and the prudential indicators.
Additional documents:
Minutes:
Meeting: 06/03/2024 - Cabinet (Item 111)
111 Treasury Management Strategy 2024/25 PDF 123 KB
To consider the report of the Cabinet Member for Performance and Resources seeking Members to recommend that Council approves the Treasury Management Strategy 2024/25, the prudential indicators and notes the Treasury activities.
Additional documents:
Decision:
RECOMMENDED to Council that the Treasury Management Strategy be approved.
Minutes:
Cabinet considered the report of the Cabinet Member for Performance and Resources that sought Members to recommend that Council approves the Treasury Management Strategy 2024/25 and the prudential indicators and notes the Treasury activities.
The Cabinet Member for Performance and Resources drew Members’ attention to the recommendation to continue within an under-borrowed position (3.2). She advised that this was sensible as lost interest on internal resources would be less than borrowing costs and it would reduce exposure to counterparty risk. The Cabinet Member for Performance and Resources further advised that the proposed strategy would allow the flexibility to enable the Council to benefit from lower interest rates and is compliant with the regulatory requirements (9.1).
RECOMMENDED to Council that the Treasury Management Strategy be approved.