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).
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).