Issue - meetings

Following consideration of the officer report, appendices and discussion the Executive approved the report being in compliance with the CIPFA Code of Practice for Treasury Management and recommends it to Full Council at the next available meeting.

The Leader of the Council, Cllr Bill Revans, invited the Lead Member for Resources and Performance, Cllr Liz Leyshon, to introduce the report.

Cllr Leyshon highlighted that the report is necessary for CIPFA Code of Practice compliance and that it was considered by the Audit Committee at their meeting. Cllr Leyshon then invited Alan Sanford, Principal Investment Officer, to present the report.  Alan Sanford highlighted that the report provides assurance on Treasury Management activities, and that inherited borrowing is in Table 1.37.

The Leader of the Council, Cllr Bill Revans, invited comments from other Members present, questions and points raised included: the £15m limit in the CCLA Property Fund; the status of the intra-unitary lending and how that is reflected in the figures; the increases and decreases in the figures through placement borrowing.

The Leader of the Council concluded the discussion and proceeded to vote on the recommendations, which were agreed.

Following consideration of the officer report, appendices and discussion the Executive approved the report being in compliance with the CIPFA Code of Practice for Treasury Management and recommends it to Full Council at the next available meeting.