Issue - meetings

Treasury Management Activity Monitoring Quarter Three 2018-2019

Meeting: 05/03/2019 - Cabinet (Resources) Panel (Item 6)

6 Treasury Management Activity Monitoring Quarter Three 2018-2019 pdf icon PDF 300 KB

[To provide an update on treasury management activity in the third quarter of 2018-2019]

Additional documents:

Decision:

1.     That the use of the Treasury Management Equalisation Reserve up to the value of £2.0 million in 2018-2019 in the event that an overspend against the General Revenue Account budget is realised be approved.

 

2.     That it be noted that the Council is continuing to operate within the Prudential and Treasury Management Indicators approved by Council, and also within the requirements set out in the Council’s approved Treasury Management Policy Statement for 2018-2019.

 

3.     That it be noted that a revenue net overspend of £2.0 million for the General Revenue Account and an underspend of £171,000 for the Housing Revenue Account (HRA) are forecast from treasury management activities in 2018-2019.

 

4.     That it be noted that the Prudential and Treasury Management Indicators included in the report are the same figures as those seen by Cabinet on 20 February 2019 and would be submitted for approval by Council on 6 March 2019.

 

 

Minutes:

Councillor Louise Miles presented the quarter three monitoring and progress report on treasury management activity that highlighted revised Prudential Indicators which would be subject to approval by Council on 6 March 2019.

 

Resolved:

1.    That the use of the Treasury Management Equalisation Reserve up to the value of £2.0 million in 2018-2019 in the event that an overspend against the General Revenue Account budget is realised be approved.

 

2.    That it be noted that the Council is continuing to operate within the Prudential and Treasury Management Indicators approved by Council, and also within the requirements set out in the Council’s approved Treasury Management Policy Statement for 2018-2019.

 

3.    That it be noted that a revenue net overspend of £2.0 million for the General Revenue Account and an underspend of £171,000 for the Housing Revenue Account (HRA) are forecast from treasury management activities in 2018-2019.

 

4.    That it be noted that the Prudential and Treasury Management Indicators included in the report are the same figures as those seen by Cabinet on 20 February 2019 and would be submitted for approval by Council on 6 March 2019.