Issue - meetings

To receive the Treasury Management Outturn Report 2018-19.

The Committee considered the Treasury Management Outturn Report 2018-19.

During the discussion of this item the following points were made:

·           What was the definition of Minimum Revenue Provision (MRP) Borrowing? It was confirmed that MRP was general borrowing which could be allocated to any scheme, as necessary.

·           In order to assist Members, could future reports be printed in colour?

·           Could a more detailed explanation be provided to explain the different figures for Internal Borrowing set out on Page 64 of the report?

·           Prudential Indicators – was the Council close to the boundary on any of its prudential indicators.

·           Average interest rate – could further clarification be provided on the rationale for the average interest rate for borrowing.

·           Housing Revenue Fund Loan Portfolio – could further information be provided on the dates when loans were taken out?

·           Loans to subsidiaries – could further detail be provided on the make-up of loans to subsidiary organisations.

·           Councillor Smith commented that Optalis was able to deliver key services more efficiently than the Council, so it was more than a Profit & Loss issue.

·           Could more detail be provided about the accounts of the Council’s subsidiary companies?

·           General Fund Loan Portfolio – provide more detail on Appendix C including the start date for loans.

RESOLVED  That:

1)         the Treasury Management Outturn report for 2018/19 be noted;

2)         the actual 2018/19 prudential indicators within the report be noted;

3)         the report be recommended to Council for approval.