The Head of Finance presented the Treasury Management Strategy for 2024/25.

The key points to note were:

·         There have been no major changes to the strategy, other than a few clarifications around the Money Market Funds and Section 114 notices to allow us to show that we are minimising counterparty risk.

·         Tables in Appendix A confirm the Authority’s investments as at 31/12/2023, however the local authorities have now matured meaning we now have no exposure to Section 114 notices for the Treasury Management Strategy.

RESOLVED: Members approved

a.    The 2024/25 Treasury Management and Annual Investment Strategy and the treasury and prudential indicators set out in the report.

b.    The Treasury Management Policy Statement attached at Appendix B.

c.    The Treasury Management Practices attached at Appendix C.

d.    The Minimum Revenue Provision statement as set out in this report.