Issue - meetings

TREASURY MANAGEMENT QUARTERLY REPORT

Meeting: 10/01/2013 - Audit Committee (Item 42)

42 Treasury Mid-Year Review 2012-13 pdf icon PDF 154 KB

This paper is a regulatory requirement in compliance with the CIPFA    Code of Practice on Treasury Management and set out cash balances, investments and borrowing as at the 30th September 2012. It reprises the information reported to Cabinet at its meeting on 10th December 2012. The Council has designated the Committee as the body responsible for the effective scrutiny of the Treasury Management Strategy and policies.

 

 

 

 

Minutes:

Jonathan Hunt, Tri-Borough Director of Treasury and Pensions, introduced the report which set out the Council’s debt, borrowing and investment activity in the six months to the 30th September 2012.

 

Councillor Iggulden asked why, given the comparably poor interest rates, the Council placed money with other local authorities. Mr Hunt said that it was best practice for the Council to spread its money between lenders, with some lent at as low risk as possible: local authorities were best placed to provide this.

 

Councillor Ginn asked about the borrowing requirement. Mr Hunt clarified that it included borrowing financed internally, with a figure of £44 million for external debt.

 

RESOLVED THAT

 

The report be noted.


Meeting: 13/12/2012 - Audit Committee (Item 6.)

6. Treasury Mid-Year Review 2012-13 pdf icon PDF 154 KB

This paper is a regulatory requirement in compliance with the CIPFA    Code of Practice on Treasury Management and set out cash balances, investments and borrowing as at the 30th September 2012. It reprises the information reported to Cabinet at its meeting on 10th December 2012. The Council has designated the Committee as the body responsible for the effective scrutiny of the Treasury Management Strategy and policies.