(b) Decisions on Borrowing Executive decisions on borrowing, investment or financing are delegated to the Financial Adviser. (c) Treasury Management Policy Unless otherwise agreed by the Authority treasury management arrangements will mirror the strategy and borrowing limits approved from time to time by the Financial Adviser’s employing borough. (d) Pooling of investments The Financial Adviser will make arrangements for any surplus funds to be pooled with funds belonging to his/her employing borough and invested and for interest to be allocated to the Authority on an equitable basis. GLOSSARY Capital Programme The capital programme is a medium term statement of the Authority’s proposals for capital expenditure, including leasing, having regard to the likely level of resources. Prudential Code The key objectives of the Prudential Code are to ensure, within a clear framework, that the capital investment plans of local authorities are affordable, prudent, sustainable and in accordance with good professional practice or, in exceptional – cases, to demonstrate that there is a danger of not ensuring this, so that the Authority can take timely remedial action. Officers Managing Director and Deputy Clerk Financial Adviser Legal Adviser Head of Governance and Legal Head of Operations Head of Finance Treasury Management In order to maximise the return on temporary surplus cash balances and minimise the cost of short-term borrowing, the Authority pools any surplus funds with those belonging to the Financial Advisers employing borough, which are then invested in accordance with the CIPFA Code of Practice on Treasury Management in Public Authorities.
(b) Decisions on Borrowing Executive decisions on borrowing, investment or financing are delegated to the Financial Adviser. (c) Treasury Management Policy Unless otherwise agreed by the Authority treasury management arrangements will mirror the strategy and borrowing limits approved from time to time by the Financial Adviser’s employing borough. (d) Pooling of investments The Financial Adviser will make arrangements for any surplus funds to be pooled with funds belonging to his/her employing borough and invested and for interest to be allocated to the Authority on an equitable basis. GLOSSARY Capital Programme The capital programme is a medium term statement of the Authority’s proposals for capital expenditure, including leasing, having regard to the likely level of resources. Prudential Code The key objectives of the Prudential Code are to ensure, within a clear framework, that the capital investment plans of local authorities are affordable, prudent, sustainable and in accordance with good professional practice – or, in exceptional cases, to demonstrate that there is a danger of not ensuring this, so that the Authority can take timely remedial action. Officers Managing Director and Deputy Clerk Financial Adviser Legal Adviser Head of Governance and Legal Head of Operations Head of Finance Treasury Management In order to maximise the return on temporary surplus cash balances and minimise the cost of short-term borrowing, the Authority pools any surplus funds with those belonging to the Financial Advisers employing borough, which are then invested in accordance with the CIPFA Code of Practice on Treasury Management in Public Authorities.
appendix-to-standing-orders-report.docx