To consider report of the Cabinet setting out the end of year position for the financial period 2018/19 seeking approval of the County Council’s treasury management activities and prudential indicators.
The Council considered the report of the Cabinet (Item 9 in the Minute Book) setting out the year end position for the financial period 2018/19 and seeking approval of the County Council’s treasury management activities and prudential indicators (Appendix 2 of the Cabinet report). The Leader presented the report and handed over to Councillor Stephen Reid, Executive Member for Commercial Strategy, Human Resources and Performance who highlighted key areas of the report.
The Council’s debate focused on the pressures the Council continues to face and the measures in place to deal with these pressures. The policy of planning well ahead coupled with the prudent use of the Council’s reserves and robust treasury management has resulted in the Council being in a good position going forward.
In summing up the Leader responded to Members’ questions and highlighted the importance of continuing to run the Council’s affairs as efficiently as possible. The Leader reassured Members that every opportunity possible was being taken to promote the message that local government must be properly funded for the future.
That the County Council’s treasury management activities and prudential indicators set out in Appendix 2 of the Cabinet report be approved.