Issue - meetings

To consider a report of the Corporate Director, Corporate and Support Services.

The Council has delegated the role of ensuring effective scrutiny of its Treasury Management Strategy to the Corporate, Resource and Governance Scrutiny Committee. 

In line with the CIPFA Treasury Management in Public Services Code of Practice, the Executive and CRMG have received annual training and updates on Treasury Management activities since the 2009/10 financial year.

The report seeks the views of CRMG on the development of the Council’s Treasury Management Strategy Statement (TMSS), Annual Investment Strategy (AIS) and Minimum Revenue Provision (MRP) Policy for 2014/15.

This Scrutiny Committee is invited to comment on the Strategy in line with the CIPFA Treasury Management Code of Practice.

Officer contact: Loran Salvage, 0161 474 4026, lorna.salvage@stockport.gov.uk

The Corporate Director for Corporate and Support Services submitted a report (copies of which had been circulated) seeking the views of the Scrutiny Committee on the development of the Council’s Treasury Management Strategy Statement (TMSS), Annual Investment Strategy (AIS) and Minimum Revenue Provision (MRP) Policy for 2014/15.

The Council had delegated the role of ensuring effective scrutiny of its Treasury Management Strategy to this Scrutiny Committee and in line with the CIPFA Treasury Management in Public Services Code of Practice, the Executive and members of the Scrutiny Committee had received annual training and updates on Treasury Management activities since the 2009/10 financial year.

It was reported that the Executive would consider the report at its meeting on 17 December 2013.

The Deputy Executive Leader and Portfolio holder for Corporate, Customer and Community Services (Councillor Mark Weldon) attended the meeting to answer members’ questions.

It was noted that training in relation to treasury management had been held for members of the Scrutiny Committee earlier in the day.

The following comments were made/ issues raised:-

·         Externalising some borrowing with long term loans at the most opportune time was key.

·         ‘Borrowing in advance of need’ could be crucial in relation to the number of proposed regeneration projects.

RESOLVED – That the Council Meeting be recommended to approve the 2014/15 Treasury Strategy.