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.