Issue - meetings

Report by Director of Finance (CC11).

The Chartered Institute of Public Finance and Accountancy’s (CIPFA’s) ‘Code of Practice on Treasury Management (Revised) 2009’ requires that the Council and Audit & Governance Committee receives an updated report on Treasury Management activities at least twice per year.  This report is the second report for the financial year 2018/19 and sets out the position as at 31 March 2019. The report will be also considered by Audit and Governance committee on 17 July.

Council is RECOMMENDED to note the Council’s Treasury Management Activity in 2018/19.

Recommendations Agreed nem con.

Councillors Bartholomew and Carter paid tribute to Donna Ross and Lorna Baxter for their work in this area.

The Chartered Institute of Public Finance and Accountancy’s (CIPFA’s) ‘Code of Practice on Treasury Management (Revised) 2009’ requires that the Council and Audit & Governance Committee receives an updated report on Treasury Management activities at least twice per year.  The Council had before them a report (CC10) which was the second report for the financial year 2018/19 and set out the position as at 31 March 2019. The report was also considered by Audit and Governance committee on 17 July.

In moving and seconding the report, Councillors Bartholomew and Carter paid tribute to Donna Ross and Lorna Baxter for their work in this area.

RESOLVED: (on a motion by Councillor Bartholomew, seconded by Councillor Carter and carried nem con) to note the Council’s Treasury Management Activity in 2018/19.

Cabinet Member: Finance

Forward Plan Ref: 2019/014

Contact: Donna Ross, Strategic Finance Manager Tel: 01865 816343

Report by Director of Finance (CA8).

The Chartered Institute of Public Finance and Accountancy’s (CIPFA’s) ‘Code of Practice on Treasury Management (Revised) 2009’ requires that the Council and Audit & Governance Committee receives an updated report on Treasury Management activities at least twice per year.  This report is the second report for the financial year 2018/19 and sets out the position as at 31 March 2019. The report will be also considered by Audit and Governance committee on 17 July.

Cabinet is RECOMMENDED to note the report, and to RECOMMEND Council to note the Council’s Treasury Management Activity in 2018/19.

Recommendations agreed.

 The Chartered Institute of Public Finance and Accountancy’s (CIPFA’s) ‘Code of Practice on Treasury Management (Revised) 2009’ requires that the Council and Audit & Governance Committee receives an updated report on Treasury Management activities at least twice per year.  Cabinet had before it the second report for the financial year 2018/19 which set out the position as at 31 March 2019. The report would be also considered by Audit & Governance Committee on 17 July and Council on 10 September 2019.

Councillor David Bartholomew, Cabinet Member for Finance introduced the contents of the report and moved the recommendations.

Cabinet noted a correction to the date to read 2019 on page 96 Annex 4.

In response to a query as to what assurances the Council had about their financial situation when investing in particular Local Authorities, Cabinet was advised that local authorities were deemed to be at the highest level of credit rating because they were underpinned by government.

RESOLVED:  to note the report, and to RECOMMEND Council to note the Council’s Treasury Management Activity in 2018/19.