Decision details

Increase of Treasury Group Limits - To allow onward payment of grants and reliefs from Central Government

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To temporarily increase the Treasury limit to enable the Council to process the Government Initiative introduced to mitigate the financial effects of Covid-19

Decision:

That the Treasury limit for all counterparties is increased from £15 million to £30 million for such period as is necessary to enable the Council to process the Government initiatives introduced to mitigate the financial effect of the Coronavirus (COVID-19) pandemic, whereafter the limits shall revert to £15 million.

Publication date: 02/06/2020

Date of decision: 25/03/2020

Accompanying Documents: