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Freedom of information request response - 06657

FOI request

FOI ID number
06657
Regarding
Borrowing/Lending
Request

Please can you provide me with the following info:

  1. a list of all existing and outstanding borrowing, identifying for each:
  • the source (PWLB, LOBO, other Local Authority etc),
  • the type (annuity, maturity, EIP etc),
  • the maturity date,
  • the interest rate and
  • whether the rate is fixed or variable.

2. the extent (if any) to which the Authority has lent to any wholly owned companies, identifying:

  • the name of the beneficiary,
  • the loan type (annuity, maturity, EIP etc),
  • the maturity date,
  • the interest rate and again
  • whether the rate is fixed or variable of each.

3  the name of the officer responsible for Treasury Management borrowing decisions.

If the info could be provided in MS Excel or CSV format, it would be greatly appreciated

Our response

Response
  1. Eden District Council has no outstanding borrowing.
  2. The details of the Councils lending to wholly owned companies is included in the report, link attached https://democracy.eden.gov.uk/documents/s9120/CE7_18_Funding-of-Loan-Finance-Heart-of-Cumbria-Limited_FINAL.pdf
    The beneficiary is Heart of Cumbria with EIP loans maturing on the 26/6/2049 at a fixed interest rate of 4%.

  3. The Officer designated as the “Chief Financial Officer” is responsible for the Councils Treasury Managements decisions

Response date
29 January 2020