FOI release

FOI on Borrowing/Lending

Case reference FOI2020/00113

Published 11 March 2020

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.

Response

The details of our borrowing, and the report author (treasury management officer) details can be found in our capital and investment outturn report, here is the link:

http://www2.guildford.gov.uk/councilmeetings/documents/s14046/Item%2005%201%20-%20Capital%20and%20Investment%20outturn%20report%202018-19%20-%20App%201%20-%20Treasury%20Management%20activity%20a.pdf

In terms of our borrowing to our wholly owned subsidiaries, Our statement of accounts (note 30) show the position of these loans. The loans are at base plus 5% - the rate is therefore variable depending on base rate. The repayment is based on the 30-year business plan and linked to the company cash flow and profitability.

Documents

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