The Executive considered a report in respect of the Annual Treasury Management Strategy, including Prudential Code Indicators for 2024/25, for onward recommendation to Council.
The Strategic Director (CF) referred to two corrections to the report, as follows:
· Paragraph 4.1.1 - the sentence should read that the returns on investments had averaged 5%, not 3.48%, and the total interest earned was £1.9Million and not £1.29Million; and
· The table in Paragraph 4.15.1 should read that the total Housing Revenue Account (HRA) loans equalled £233.231Million and not £234.231Million, and the total Public Works Loan Board (PWLB) debt at 31 December 2023 equalled £234.987Million and not £224.987Million.
It was RESOLVED that the 2024/25 Treasury Management Strategy be recommended to Council for approval.
Reason for Decision: As contained in report.
Other Options considered: As contained in report.