Report of the County Treasurer (CT/19/59), previously considered and endorsed by the Corporate Infrastructure and Regulatory Services Scrutiny Committee held on 25th June 2019, attached.
(Councillors Biederman, Connett, Dewhirst, Greenslade and Whitton attended in accordance with Standing Order 25(2) and spoke to this item).
The Cabinet considered the Report of the County Treasurer (CT/19/59) outlining the Treasury Management action taken during the last financial year (in line with the CIPFA Code of Practice previously adopted by the Council) which had also been considered and endorsed by the Corporate Infrastructure and Regulatory Services Scrutiny Committee on 25th June 2019 (Minute *136 refers).
The Annual Report set out the outturn position, reviewing performance and informing Members of any key matters arising from the Council’s Treasury and Debt Management activities during the 2018/19 Medium Term Financial Strategy. The Scrutiny Committee had also received a revised version of the Treasury Management Strategy, attached at Appendix I to the Report.
The Scrutiny Committee had resolved that the Treasury Management Stewardship Annual Report for 2018/19 be commended to Cabinet and furthermore the corrected Treasury Management Strategy for 2019/20 also be endorsed.
The matter having been debated and the options and/or alternatives and other relevant factors (e.g. financial and legal considerations) set out in the County Treasurer's Report and/or referred to above having been considered:
It was MOVED by Councillor Barker, SECONDED by Councillor Hart, and
RESOLVED that the Corporate Infrastructure and Regulatory Services Scrutiny Committee be thanked for their review of the Annual Treasury Management Stewardship Report for 2018/2019 and the revised Treasury Management Strategy for 2019/20 and that both documents be further endorsed.