Issue - meetings

To consider a report of the Corporate Governance Group.

The report details the Council’s Annual Governance Action Plan arising from the latest Annual Governance Statement (AGS).  The AGS was approved by the Audit Committee at its meeting on 9 September 2020.

The Committee is asked to note the report and comment on the information provided.

Officer contact: John Pearsall on 474 4033 or email: john.pearsall@stockport.gov.uk

The Corporate Governance Group submitted a report (copies of which had been circulated) which detailed the Council’s Annual Governance Action Plan arising from the latest Annual Governance Statement (AGS).  The AGS was approved by the Audit Committee at its meeting on 9 September 2020.

The following comments were made/issues raised:

·         Members asked about how the changes in how the Council was able to borrow money would impact on the Medium-Term Financial Plan.  In response, Members were advised that the borrowing strategy at the moment involved using cash reserves.  Short term borrowing had been enabled due to low interest rates and liquidity in the market.  Debt financing costs were low and would continue to be so.

·         A short discussion took place relating to governance issues in particular as they related to social care restructuring and also what the position was for people wanting to take early retirement in view of the £95,000 exit gap.

RESOLVED – That the report be noted.