Issue - meetings
Increase in Operational Boundary
Meeting: 25/04/2024 - Council (Item 30)
Council is asked to
1. Increase the approved Operational Boundary for external debt from £1,067m to £1,170m; and
2. Increase the approved Authorised Limit for external debt from £1,167m to £1,270m.
Additional documents:
Minutes:
Council resolved to:
1. Note that on 01 April 2024 the approved Operational Boundary for external debt was breached,
2. Approve the Operational Boundary for external debt to be increased from £1,067m to £1,170m; and
3. Approve the Authorised Limit for external debt to be increased from £1,167m to £1,270m
Meeting: 15/04/2024 - Corporate Policy and Resources Committee (Item 48)
48 Increase in Operational Boundary and Authorised Limit for External Debt 
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Committee is asked to:
1. Note that on 01 April 2024 the approve 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.
Minutes:
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.