RECOMMENDATIONS TO COUNCIL

1.    That the capital prudential indicators and limits for 2025/26 to 2029/30 be approved.

2.    That the Treasury Management Strategy for 2025/26 and the treasury prudential indicators be approved.

3.    That the Investment Strategy for 2025/26 be approved.

4.    That the Minimum Revenue Provision (MRP) Statement for 2025/26 be approved.

Reasons:

1.    The Local Government Act 2003 and supporting regulations requires the Council to “have regard to” the CIPFA Prudential Code and the CIPFA Treasury Management Code of Practice to set Prudential and Treasury Indicators for the next three years to ensure that the Council’s capital investment plans are affordable, prudent, and sustainable.

2.    The Act requires the Council to set out its treasury strategy for borrowing and to prepare an Annual Investment Strategy. This covers the Council’s criteria for choosing investment counterparties and limiting exposure to the risk of loss.

3.    The Act also requires the Council to undertake an annual review of its policy for calculating the minimum revenue provision (MRP) for repayment of external debt.