Issue - meetings

The Chief Finance Officer presented the report which provided Members with details of the authorised lending list, which had been presented to the Executive Committee on 28 November.

In response to questions from Members, the Chief Finance Officer explained that Charities, Churches, and Local Authorities (CCLA) had multiple funds, and that Teignbridge was interested in property funds due to the good returns.

It was proposed by Councillor Morgan, seconded by Councillor Rollason and

Resolved

That the report be noted.

The Portfolio Holder for Corporate Services presented the report to update Members on the budget at the end of October 2019 and the treasury management lending list. He advised that there were uncertainties with funding for the Council going forward particularly with regards to the proposal to abolish New Homes Bonus and what would replace it, and the impact of changes with Business Rates. He highlighted the variations and brought Members attention to the waste saving sharing agreement with Devon County Council and the successful bids for the Rough Sleeper Initiative and Warm Homes Fund.

In response to a non-Executive Member, the Portfolio Holder for Corporate Services clarified that the Rural Skip Service was a service that the residents valued, details regarding Section 106 Monies for individual Parishes could be made available for Ward Members and the pre-application advice income was additional funding that supported the planning service.

The recommendation was proposed by Portfolio Holder for Corporate Services and seconded by the Portfolio Holder for Waste Management & Environmental Health.

RESOLVED that:-

(1)          the revenue budget variations as shown at appendix 1 be approved;

(2)          the updated capital programme as shown at appendix 2 be approved; and

(3)       the updated lending list as shown at appendix 3 be noted.

RECOMMENDED to Council:

(4)   to note the mid-year review of treasury management at appendix 4.