To receive and consider the reports, minutes and recommendations of the recent meetings as follows:
- 9 July 2020
- 6 August 2020
2) Scrutiny Committee
- 20 July 2020
- 17 August 2020 (to follow)
(3) Audit Committee
- 11 August 2020
(4) Environment Policy Development Group
- 14 July 2020
(5) Homes Policy Development Group
- 21 July 2020
(6) Economy Policy Development Group
- 16 July 2020
(7) Community Policy Development Group
- 28 July 2020
(8) Planning Committee
- 15 July 2020
- 12 August 2020
The Leader presented the report of the meeting of the Cabinet held on 9 July 2020.
1. Annual Treasury Management Report (Minute 201)
The Leader MOVED seconded by Councillor R L Stanley:
THAT the recommendations of the Cabinet as set out in Minute 201 be ADOPTED.
Upon a vote being taken the MOTION was declared to have been CARRIED.
To consider a report of the Deputy Chief Executive (S151) providing Members with a review of activities and the prudential treasury indicators on actuals for 2019/20.
The Cabinet had before it a *report of the Deputy Chief Executive (S151) providing a review of activities and the prudential treasury indicators on actuals for 2019/20.
In response to a question asked in public question time, the Deputy Chief Executive (S151) stated that he could give assurance that all relevant due diligence had taken place, if the Audit Committee minutes did not show his response, he would deal with this at the next meeting and he would respond to Mr Quinn directly.
The Cabinet Member for Finance outlined the contents of the report stating that the Council was required by regulations issued under the Local Government Act 2003 to produce an annual treasury management review of activities and the actual prudential and treasury indicators for 2019/20. The following areas were covered in the report: the councils capital expenditure and financing, the end of year treasury provision, the investment strategy, the fact that no borrowing had been undertaken during the year. The amounts invested in Churches, Charities and Local Authorities (CCLA) and 3 Rivers Development Limited and the credit risk related to loans.
Consideration was given to the table of investments specifically those with other councils.
RECOMMENDED to Council that:
(Proposed by Cllr A White and seconded by Cllr L D Taylor)
Note: *Report previously circulated, copy attached to minutes.