Issue - meetings
Treasury Management Strategy and Mid Year Review
Meeting: 06/01/2021 - Council (Item 111)
111 Cabinet - Report of the meeting held on 29 October 2020 (1-55-00) PDF 122 KB
To receive and consider the reports, minutes and recommendations of the recent meetings as follows:
(1) Cabinet
- 29 October 2020
- 3 December 2020
2) Scrutiny Committee
- 9 November 2020
- 14 December 2020
(3) Audit Committee
- 17 November 2020
(4) Environment Policy Development Group
- 3 November 2020
(5) Homes Policy Development Group
- 10 November 2020
(6) Economy Policy Development Group
- 5 November 2020
(7) Community Policy Development Group
- 17 November 2020
- 8 December 2020
(8) Planning Committee
- 4 November 2020
- 13 November 2020
- 2 December 2020
Additional documents:
- TM Mid Year Review 2020-21, 29/10/2020 Cabinet, item 111 PDF 370 KB
- Minutes , 03/12/2020 Cabinet, item 111 PDF 123 KB
- 201203 Strategic Planning FINAL, 03/12/2020 Cabinet, item 111 PDF 161 KB
- 201203 Community Infrastructure Levy FINAL, 03/12/2020 Cabinet, item 111 PDF 132 KB
- Draft Schedule of meetings 2021-22 - SG, 03/12/2020 Cabinet, item 111 PDF 62 KB
- Minutes , 09/11/2020 Scrutiny Committee, item 111 PDF 97 KB
- Minutes , 14/12/2020 Scrutiny Committee, item 111 PDF 144 KB
- Minutes , 17/11/2020 Audit Committee, item 111 PDF 89 KB
- Response to questions asked in PQT - AC 17 Nov 2020, 17/11/2020 Audit Committee, item 111 PDF 44 KB
- Minutes , 03/11/2020 Environment Policy Development Group, item 111 PDF 96 KB
- Minutes , 10/11/2020 Homes Policy Development Group, item 111 PDF 134 KB
- Minutes , 05/11/2020 Economy Policy Development Group, item 111 PDF 82 KB
- Minutes , 17/11/2020 Community Policy Development Group, item 111 PDF 82 KB
- Minutes , 08/12/2020 Community Policy Development Group, item 111 PDF 69 KB
- Minutes , 04/11/2020 Planning Committee, item 111 PDF 96 KB
- Minutes , 13/11/2020 Planning Committee, item 111 PDF 76 KB
- Minutes , 02/12/2020 Planning Committee, item 111 PDF 82 KB
Minutes:
The Leader presented the report of the meeting of the Cabinet held on 29 October.
1. Treasury Management Strategy and Mid Year Review (Minute 255)
The Leader MOVED seconded by Councillor C R Slade:
THAT the recommendations of the Cabinet as set out in Minute 255 be ADOPTED.
Upon a vote being taken the MOTION was declared to have been CARRIED.
Reason for the Decision – in line with CIPFA guidance, the Council must agree a Treasury Management Strategy.
Note: Councillor Mrs E M Andrews declared a personal interest in Minute 258 (19 High Street, Cullompton) as a member of the Town Council and a member of the Town Team.
Meeting: 29/10/2020 - Cabinet (Item 255)
255 Treasury Management Strategy and Mid Year Review (1-57-31) PDF 370 KB
To receive a report of the Deputy Chief Executive (S151)informing the Cabinet of the treasury performance during the first six months of 2020/21, to agree the ongoing deposit strategy for the remainder of 2020/21 and a review of compliance with Treasury and Prudential Limits for 2020/21.
Minutes:
The Cabinet had before it a * report of the Deputy Chief Executive (S151) informing it of the treasury performance during the first six months of 2020/21, to agree the ongoing deposit strategy for the remainder of 2020/21 and a review of compliance with Treasury and Prudential Limits for 2020/21.
The Cabinet Member for Finance outlined the contents of the report stating that a continuation of the current policy was proposed and that there would be a reduced borrowing requirement driven by reduced requirements from 3 Rivers developments Limited and the impact of the pandemic.
Consideration was given to how cash balances naturally reduced towards the end of the financial year and the need for some borrowing to take place.
RECOMMENDED to Council that:
a) a continuation of the current policy outlined at paragraphs 6.0 - 6.5 be agreed.
b) that Council approves the changes to the Capital Financing Requirement, Operation Boundaries and Authorised Limits for the current year at paragraphs 4.4 - 4.5 of the report.
(Proposed by Cllr B A Moore and seconded by Cllr C R Slade)
Reason for the decision – the Council must agree a Treasury Management Strategy.
Note: *Report previously circulated, copy attached to minutes.