Decision details

Increase in Operational Boundary and Authorised Limit for External Debt

Decision Maker: Corporate Policy and Resources Committee, Council

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

Committee considered an addendum report to the 2024-25 Treasury Management Strategy, Operational Boundary and Authorised Limit for External Debt.

 

The Committee resolved to:

 

1.    Note that on 01 April the approved Operational Boundary for external debt was breached,

 

2.    Recommend to Council that the approved Operational Boundary for external debt be increased from £1,067m to £1,170m; and

 

3.    Recommend to Council that the approved Authorised Limit for external debt be increased from £1,167m to £1,270m.

 

 

 

 

 

It was proposed by Councillor Bateson

Seconded by Councillor Beecher

 

and resolved by the Committee to suspend Standing Order 38.3 to allow the meeting to continue to 10.30pm.  

Report author: Paul Taylor

Publication date: 30/04/2024

Date of decision: 15/04/2024

Decided at meeting: 15/04/2024 - Corporate Policy and Resources Committee

Accompanying Documents: