CYNGOR SIR

20FED Chwefror 2019

 

Y Pwnc

Pwrpas: Polisi Rheoli’r Trysorlys a Strategaeth  2019-2020

 

Yr Argymhellion / Penderfyniadau Allweddol Sydd eu Hangen:

 

1.   Bod y Cyngor yn mynd ati’n ffurfiol i gymeradwyo Polisi a Strategaeth          Rheoli’r Trysorlys 2019-20 a’r argymhellion sydd ynddynt .

2. Bod y Cyngor yn mynd ati’n ffurfiol i gymeradwyo Dangosyddion Rheoli’r Trysorlys, Dangosyddion Darbodus, y Datganiad MRP a’r argymhellion sydd ynddynt.

 

Y Rhesymau:

Er mwyn cydymffurfio ag adolygiad Cod Darbodaeth CIPFA ac adolygiad Cod Ymarfer CIPFA o ran Rheoli’r Trysorlys 2017.

 

Ymgynghorwyd â'r pwyllgor craffu perthnasol

DO

Y pwyllgor craffu a'r dyddiad   

Pwllgor Craffu Polisi ac Adnoddau 6ed Chwefror 2019

 

Angen i’r Bwrdd Gweithredol wneud penderfyniad OES

Angen i’r Cyngor wneud penderfyniad OES

 

YR AELOD O'R BWRDD GWEITHREDOL SY'N GYFRIFOL AM Y PORTFFOLIO:- Cllr. D.M. Jenkins

 

Y Gyfarwyddiaeth: Gwasanaeth Corfforaethol

Cyfarwyddwr: Chris Moore

 

Awdur yr Adroddiad: Anthony Parnell

 

Swyddi:

 

Cyfarwyddwr Gwasanaethau Corfforaethol

 

Rheolwr Pensiwn a Buddsodiadau Gyllidol

 

 

Rhif ffôn: 01267 224120; E-bost:CMoore@sirgar.gov.uk

Rhif ffôn: 01267 224180; E-bost:AParnell@sirgar.gov.uk

 

 


EXECUTIVE SUMMARY

COUNTY COUNCIL

20th February 2019

 

 

SUBJECT

Treasury Management Policy and Strategy 2019-20

 

 

1.    BRIEF SUMMARY OF PURPOSE OF REPORT.

 

It is a requirement of the revised CIPFA Code of Practice on Treasury Management, which Council have adopted, that

 

a.    The Council  maintains  a Treasury  Management Policy which states the  policies  and  objectives  of  the  Authority’s  treasury  management  activities 

 

and   

 

b.    The  Council  approves  a  Treasury  Management  Strategy  annually  before  the  start  of  the  financial  year  to  which  it  relates.

 

In addition, under the Local Government Act 2003 the Council approves the Treasury Management Indicators for the coming year.

 

 

DETAILED REPORT ATTACHED ?

YES

 


IMPLICATIONS

 

 

I confirm that other than those implications which have been agreed with the appropriate Directors / Heads of Service and are referred to in detail below, there are no other implications associated with this report :

 

Signed:        C Moore   Director of Corporate Services                           

 

Policy, Crime & Disorder and Equalities

 

Legal

Finance

ICT

Risk Management Issues

Staffing Implications

Physical Assets 

YES

 

YES

 

YES

 

NONE

 

NONE

 

NONE

 

NONE

 

1. Policy, Crime & Disorder and Equalities

 

Council has adopted the revised CIPFA Code of Practice on Treasury Management, one of the requirements is that an annual Treasury Management Policy and Strategy be approved by Council before the commencement of the year to which it relates. 

 

 


2. Legal 

 

Under the Local Government Act 2003 and the revised CIPFA Code of Practice on Treasury Management, local authorities must set out their Treasury Management Indicators that relate to the Authority’s capital spending and its borrowing. 

 

 


3. Finance 

 

The Treasury Management Policy and Strategy details the procedures that the Authority adheres to in managing its treasury management function.

Interest paid and earned has a direct impact on the Authority’s Revenue Budget. The estimated projections are included in the Budget which is to be presented to Council on 20th February 2019.

 


CONSULTATIONS

 

 

I confirm that the appropriate consultations have taken in place and the outcomes are as detailed below

 

Signed: C Moore      Director of Corporate Services

 

(Please specify the outcomes of consultations undertaken where they arise against the following headings)

1. Scrutiny Committee

Policy and Resources Scrutiny Committee will be consulted on the 6th February 2019.

 

2.Local Member(s) 

Not Applicable

 

3.Community / Town Council

Not Applicable

 

4.Relevant Partners 

Not Applicable

 

5.Staff Side Representatives and other Organisations 

Not Applicable

 

 


 

Section 100D Local Government Act, 1972 – Access to Information

List of Background Papers used in the preparation of this report:

 

THESE ARE DETAILED BELOW   

 

Title of Document

 

File Ref No.

Locations that the papers are available for public inspection

The Local Government Act 2003

 

 

County Hall, Carmarthen

 

Guidance issued  by  Welsh Government

 

 

County Hall, Carmarthen

 

Revised CIPFA  Treasury Management Code of Practice and Cross-Sectoral Guidance Notes

 

 

County Hall, Carmarthen

 

Revised CIPFA Prudential Code for Capital Finance in Local Authorities

 

 

County Hall, Carmarthen