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Governance and Audit Committee
Draft Capital & Treasury Management Strategy
Resolved: The Committee § Received and endorsed the Capital Strategy (Appendix 2), including the draft new Capital Programme within it (shown separately in Appendix 1) and the borrowing requirements/limits to deliver the new programme. § Received and endorsed the Treasury Management Strategy and Treasury Management Indicators, the Investment Strategy and the Minimum Revenue Provision (MRP) for 2023/24 (Appendix 3). As part of the above, the Committee § Noted, and commented on the debt, and corresponding revenue cost of delivering the new Capital Programme, and the implications of this ove…
Cabinet. The Cabinet makes most of the council's decisions.
Capital Strategy and Treasury Management Strategy 2023/24
It also agreed to recommend the Treasury Management Strategy, the Investment Strategy and the Minimum Revenue Provision policy for 2023/24. Cabinet noted the rise in the council's debt and its revenue cost, and noted the advice that borrowing should cover only ongoing and previously approved schemes. It noted and commented on the plan to prioritise annual sums over new schemes, and noted the comments of the Governance and Audit Committee on 26 January 2023.
Council. Full Council sets the budget and council tax and approves major plans.
2023/24 Capital and Treasury Management Strategies
Council noted rising debt and its revenue cost, and noted the plan to give priority to annual sums funding over new schemes unless unavoidable.
Governance and Audit Committee
Capital and Treasury Management Strategy 2024/25
No decision recorded for this item.
Cabinet. The Cabinet makes most of the council's decisions.
Capital and treasury management strategies for 2024/25
Cabinet agreed to recommend the Capital Strategy and the Treasury Management Strategy for 2024/25 to Council for approval, including the capital programme and the borrowing limits. It approved the capital programme, subject to Council approving the borrowing limits. It noted that debt and its yearly cost will rise as the programme goes ahead.
Council. Full Council sets the budget and council tax and approves major plans.
Capital and treasury management strategies 2024/25
Council approved the Capital Strategy, including the capital programme and borrowing limits, and the Treasury Management Strategy, including the Investment Strategy and the Minimum Revenue Provision policy, for 2024/25. It noted the rising debt and its revenue cost, and the Head of Finance's comment that borrowing must not add future pressure to the Medium Term Financial Plan. The majority supported the report, with two abstentions.
Items are linked when their titles share most of their words and they fall within 18 months of each other. Councils don't number reports across meetings, so a few links may be wrong, and a step may be missing if its title changed a lot. Each step links to the meeting, where the council's own papers are.