CIPFA Treasury Management Network (TMN)

Treasury Management Graphic

Treasury Management Network Self Assessment Healthcheck

Enabling a swift cross reference against the Audit Commission'findings in the December 2009 publication ' local Authority treasury management in 2008/09; summary of findings from auditor workbooks'. We have used the original questions, the percentages shown against each question represent the percentage of non compliance. The final questions are important for network research & development purposes.

Personal Information

Name


Local Authority


Email

Treasury Management Framework

2008/09 Audit Commission
'non-compliance'

1 Has the authority in its treasury management framework been explicit about the level of risk it accepts? 11%
2 If Yes to Q1, has the authority explicitly set out the balance it wants to achieve between security and liquidity and the yield to be achieved? * 25%
3 Has the authority undertaken an honest assessment of whether it has the appetite and capability to be able to manage risk by placing funds with financial institutions? 17%

Governance

4 Does your authority formally report to full council on treasury management activities, in addition to the annual policy and report? 19%
5 Does your authority formally report to the cabinet (or equivalent) on treasury management activities? 8%
6 Does your authority formally report to the audit committee (or equivalent) on treasury management activities? 34%
7 Has the authority commissioned an independent review, for example by internal audit or an external review, of its treasury management arrangements? 24%
7a If the answer to question 7 is no would you be interested in learning more about the CIPFA TMN Healthcheck Service? *
8 Is there in place clear separation of duties between officers investing funds and settling funds? 25%
9 Are regular independent (at least monthly) compliance checks with the treasury management framework and policies undertaken on all investment activities? 45%

Capacity and Capability

10 Has the authority reviewed the capacity (enough staff) and capability (skills of staff) of its treasury management function? 17%
11 Is the authority providing training for those elected members of authorities who have accountability for the stewardship of public money so that they are able to scrutinise effectively and be accountable for the treasury management function? 47%
11a If the answer to question 11 is yes, are procedures in place to monitor and determine the adequacy of the training programme? *
11b if no would you like some help on this? *

Credit Ratings

12 Does your counterparty list provide an appropriate split between investments in UK and non-UK counterparties? 53%
13 Does your counterparty list provide the maximum limits that can be invested in counterparties with the same owner (group limits)? 24%
14 Is the credit worthiness of each counterparty checked prior to a transaction being placed with them? 8%
15 Does the authority undertake a cost/benefit analysis to ensure that the full range of options for managing funds is considered? 37%
16 Does the authority undertake benchmarking of the investment portfolio? 28%

General TMN Enquiries

17 Has the authority put in place measures to ensure compliance with the revised TM Code of Practice? 11%
17a If no what is outstanding? Would you like help on this?
18 Has the authority acted upon the guidance contained within CIPFA Treasury Management Panel Bulletin issued in December 2009? In particular undertaking an assessment against the Key Treasury Skills matrix
18a if no would you like some help on this? *
19 Does the authority have a dedicated Treasury Management Risk Register?
19a if no would you like some help on this? *
20 Is there a CPD or other form of training programme in place for officers undertaking the treasury management function?
20a if no would you like some help on this? *
21 Have you recently reviewed your Treasury Advisory contract?
21a If no when is it due for renewal? *
22 Does the authority have in place procedures to monitor the performance and value for money from external advisors?
22a If yes please briefly describe the criteria?
23 Does the authority subscribe to the CIPFA treasury Management Benchmark Service?
23a If no please state why this is the case?
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