How to read a TMSS
About this course
Section-by-section walk-through. The 30-minute scrutiny technique. Eight red flags. 12 specific questions to ask. Paragraph-by-paragraph reading. How to translate scrutiny into a vote.
What you'll learn
- TMSS structure
- 30-minute technique
- Red flags
- Questions to ask
- Reading paragraphs
- The vote
Part of these pathways
Related courses
- Council money in plain English
- Treasury management for councillors
- Your responsibilities as a councillor
- Meet your council
- Reading the Metrics dashboard
- Reading the quarterly & outturn reports
Common questions
What is Authorised limit?
The absolute maximum external debt the council is permitted to hold during the year. Set by full Council. Statutory limit.
What is CFR?
Capital Financing Requirement. The total amount the council needs to fund from past capital decisions. Sets the upper bound for borrowing.
What is Concentration limit?
Maximum exposure to a single counterparty or counterparty type. Protects against the failure of any one institution.
What is Counterparty?
An institution the council deposits cash with (a bank, money market fund, or other approved entity).
What is Downgrade trigger?
Pre-defined procedure for what happens when a counterparty's credit rating falls below the council's minimum threshold.
What is MRP?
Minimum Revenue Provision. Annual revenue charge that pays down past borrowing over time.