Agenda and decisions

Budget Council, County Council - Thursday 8 February 2024 10.00 am

Venue: Council Chamber, Shire Hall. View directions

Contact: Deb Moseley  Democratic Services Team Leader

Media

Items
No. Item

1.

General

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1(1)

Apologies for Absence

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1(2)

Members’ Disclosures of Pecuniary and Non-pecuniary Interests

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1(3)

Minutes of the previous meeting pdf icon PDF 130 KB

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Decision:

The minutes of the meeting of Council held on 19 December 2023 were agreed as an accurate record for signing by the Chair.

1(4)

Chair's announcements

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2.

2024/25 Budget and 2024/29 Medium Term Financial Strategy pdf icon PDF 64 KB

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Decision:

That Council agrees the 2024/25 Budget and authorises work to continue on ensuring the 2024-29 Medium Term Financial Strategy is aligned with and supports the delivery of the Council’s ambitions as set out in the Council Plan.

3.

Treasury Management Strategy and Investment Strategy pdf icon PDF 140 KB

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Decision:

That:

 

1.     The Treasury Management Strategy for 2024/25 (Appendix 2 to the report) be approved with effect from 1 April 2024;

2.     The Investment Strategy for 2024/25 (Appendix 3 to the report) be approved with effect from 1 April 2024;

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

4.     The revised lending limits for the Warwickshire Property Development Group (WPDG) (Appendix 3 to the report, Annex 7) come into immediate effect;

5.     The revised lending limits for the Warwickshire Investment Fund (WIF) (Appendix 3 to the report, Annex 7) come into immediate effect;

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

7.     The County Council delegates authority to the Executive Director for Resources to undertake such delegated responsibilities as are set out in  Appendix 2 to the report, Annex 7, and Appendix 3 to the report, Section 2.5; and

8.     The County Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 2 to the report, Section 2.11-2.26).

 

4.

Any Other items of Urgent Business

To consider any other items that the Chair considers are urgent.

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