Issue - meetings

Draft Treasury Management Strategy 2019/20 (OSC)

Meeting: 14/02/2019 - Overview and Scrutiny Committee (Item 59)

Draft Treasury Management Strategy 2019/20

To consider the draft Treasury Management Strategy 2019/20 that was agreed by the Executive on 24 January 2019 for consultation with the Committee.

 

To consider any Advance Questions submitted.

Additional documents:

Minutes:

The Committee considered the draft Treasury Management Strategy published by the Executive on 24 January 2019. A briefing note providing a summary of key changes in the Draft Treasury Management Strategy Statement (TMSS) was tabled.

 

Councillor Schofield, Executive Member for Finance, introduced the report, and it was identified that the main changes were to ensure compliance with updated regulatory requirements and that the TMSS would thus be compliant with these requirements. It was identified that the updated TMSS was now presented as a single report covering all relevant sections, which had previously been separated into three reports.

 

It was identified that the TMSS had been discussed and reviewed by the Treasury Management Panel and that the panel was content with the proposed strategy. It was identified that the strategy would support the Council’s forthcoming Capital Investment Strategy and general investment approach, which would in turn support the delivery of the Council’s objectives. It was identified that the Council’s draft outline Capital Investment Strategy would be scrutinised by the Committee on 14 March 2019.

 

Attention was drawn to the benefits of the provision of summary of key points when technical matters were being considered by Committees, and it was suggested that this approach be considered for other future technical reports.

 

The Committee considered and discussed the report. There was one question on the report, relating to the following topic:

 

·         Remuneration of fund managers. It was confirmed that external fund managers (where used) would be paid on a fixed fee basis.

 

RESOLVED that the draft Treasury Management Strategy 2019/20 be noted.