Issue - meetings

To submit a report by the Director of Function (Resources)/Section 151 Officer, as presented to the Executive on 1 March 2021.

It was RESOLVED to approve the Treasury Management Strategy Statement 2021/22.

The report of the Director of Function (Resources)/Section 151 Officer as presented to the Executive on 1 March, 2021 was presented for the Council’s acceptance.

Councillor Aled M Jones questioned as to the financial allocation and grants afforded by Welsh Government at the end of every financial year.  The Portfolio Holder for Finance responded that grants is afforded by Welsh Government at the end of every financial year and it is difficult to predict as the amount that will be received.  The Director of Function (Resources)/Section 151 Officer said that it is dependent on the financial resources that Welsh Government has available to distribute to local authorities and the money is usually afforded through a formula to the 22 local authorities in Wales.  Some allocation of grants are designated towards specific project within local authorities and Welsh Government invites local authorities to send grant applications for such grants and to spend the grants within the financial year.  He further said that grants were receive over the last two years towards the maintenance of schools which amounted to £1m. 

It was RESOLVED to approve the Treasury Management Strategy Statement 2021/22.