Decision details

Resolved

That Cabinet recommends to Council to:

1)    Approve the Treasury Management Strategy for 2024/25 (Appendix 2) with effect from 1 April 2024;

2)    Approve the Investment Strategy for 2024/25 (Appendix 3) with effect from 1 April 2024;

3)    Require the Executive Director for Resources to ensure that gross borrowing does not exceed the prudential level specified (Appendix 2, Section 3.13, Table 12 “Authorised Borrowing Limit”);

4)    Approve the revised lending limits for the Warwickshire Property Development Group (WPDG) (Appendix 3, Annex 7);

5)    Approve the revised lending limits for the Warwickshire Recovery Investment Fund (WRIF) (Appendix 3, Annex 7);

6)    Require the Executive Director for Resources to ensure that gross investment in non-Treasury investments does not exceed the prudential levels specified (Appendix 3, Annex 7);

7)    Delegate authority to the Executive Director for Resources to undertake such delegated responsibilities as are set out in Appendix 2, Annex 7, and Appendix 3, Section 2.5; and

8)    Require the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 2, Section 2.11-2.26).