Council Constitution

Part 3a - Terms of Reference and Scheme of Delegation

C. Borough Treasurer

1. Power is delegated to the Borough Treasurer, in consultation with the Senior Management Team, to arrange for the automatic adjustment of fees and charges in the event of changes in the level of Value Added Tax.
   
   
2. To approve supplementary votes not exceeding £50,000.
   
   
3. To approve the transfer of votes:-
   
   
   1. Revenue – transfer of votes not exceeding £100,000 for any single transfer between Services and any transfer involving capital financing costs and other demand led votes;
   2. Capital – amendments to the approved Capital Programme provided the projects have been approved by the Council.
   
   
4. To approve schemes involving no additional costs – the approval of the necessary votes (income and expenditure) - provided the proposals have been approved by the Council.
   
   
5. The authority to grant small loans (up to and including £20,000) and small grants (up to and including £1,000) to organisations and similar bodies, where the Senior Management Team do not already have this delegated power.
   
   
6. The Assistant Borough Treasurer to have delegated power to sign all grant claims on behalf of the Borough Treasurer.
   
   
7. Treasury Management Function:-
   
   
   1. To administer a loans pool for all outstanding debt, including the management of the Council and Former Greater Manchester Council debt and cash investment activity, in accordance with the Council’s policy and, subject to such direction as the Council may periodically issue, to determine the terms of borrowing money as authorised by legislation and the Council
   2. To borrow money as required in order to satisfy (i) above and to vary such loans as necessary;
   3. To authorise and carry out the investments of surplus funds in accordance with current legislation and vary such investments as necessary;
   4. To approve, and where appropriate, to co-ordinate all finance or operating leases made for a period greater than one year, and to have oversight and monitoring of contracts for the leasing of all vehicles and plant.
   5. To manage the monies held within the Council’s Bank Account (apart from those under the Local Management of Schools Scheme) and to ensure that money is available to meet financial commitments and that surplus cash is utilised to its optimum.
   
   
8. Determine and administer the Members Allowance Scheme made pursuant to the Local Government Act 2000.
   
   
9. To deal with matters relating to the development of 'digital Tameside', ICT Strategy and Security Policy.