Minute with recommendations and report attached.

The fifth item requiring approval was in relation to the Capital Financing Strategy 2024/25.

On a motion by Councillor Paul Stuart, seconded by Councillor Jean Robinson it was –

Resolved – that

1.the Capital Strategy for 2024/25 be approved.

2. the associated Prudential Indicators be adopted, as detailed within this report.

3. the Council’s Minimum Revenue Provision policy as set out in Appendix A of this report be approved

The Director of Finance submitted a report which outlines the Council’s treasury management activity which was underpinned by the Chartered Institute of Public Finance and Accountancy (CIPFA) 2021 Code of Practice on Treasury Management (“the Code”). It was explained that the code required to approve the annual Capital Financing Strategy. The report further explained how the Council met it’s legal obligation under the Local Government Act 2003 to have regard to the CIPFA Code.

Resolved – that Council be recommended to approve,

1.the Capital Strategy for 2024/25;

2. that the associated Prudential Indicators to be adopted, as detailed within this report and

3. the Council’s Minimum Revenue Provision policy as set out in Appendix A of this report.