Issue - decisions

RESOLVED:

(i)            Cabinet noted the Council’s balance sheet analysis and estimated borrowing need as set out in section 5;

(ii)          Cabinet approved the borrowing strategy as set out in the report including the commencement of negotiations to agree a forward funding loan of up to £40m. See section 6;

(iii)         Cabinet noted that the actions recommended above were within the operational boundaries already agreed by Full Council when setting the Treasury Management Strategy for 2018/19 as part of the budget setting process; and

(iv)         Cabinet noted that a copy of this report had been presented to the Audit and Standards Advisory Committee in July for review and consideration. The comments the Audit and Standards Advisory Committee were shown in paragraph 1.6.