Treasury Services is a department within the Finance Directorate which provides a range of cost-effective services to the Council, RBK Departments, Elected Members and members of the public.
These Include:
Team
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Details of Services
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Treasury Management
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- Management of the Council's loan debt.
- Management of the Council's approved investments.
- Management of the Council's cash flow.
- Reporting to elected members on the treasury management function.
- Budget/accounting for treasury management.
- Negotiation and arrangement of the Council's banking facilities.
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Administration
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- Provision of annual Treasury Services Team Plan
- Administration of ‘Best Value’ reviews
- Provision of any ‘ad hoc’ projects within Treasury Services
- Negotiation of cheque printing, obtaining competitive quotes to meet APACS standards
- Production of manual cheques
- Maintaining records of all cheques issued to provide an Audit Trail
- Investigation of all Council cheques returned for cancellation or replacement
- Administration of payments made under the Council’s Staff Car Mileage Scheme
- Provision of annual reports to Inland Revenue on Car Mileage
- Provision of annual mileage advice letters to all staff
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Insurance
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- Negotiation and arrangement of the Council's external insurance covers.
- Operation of the Council's Insurance Fund
- Budget/accounting for insurance costs.
- Management of all insurance claims, including both property and liability provision of professional advice on insurance matters.
- Administration of insurance for 'Right to Buy' leasehold properties.
- Arrangement of insurance for commercial and domestic properties leased to/from the Council.
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Pensions Administration
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- Encouraging all eligible employees to join the Pension Scheme.
- Investigation of transfers of pension rights for new members
- Provision of an information service on all aspects of the LGPS.
- Administration of the in-house AVC arrangement.
- Calculation and payment of contribution refunds when appropriate
- Calculation and notification of entitlements to preserved members.
- Contacting preserved members 3 months before payment becomes due.
- Calculation of retirement and death benefits due to pensioners.
- Notifying pensioners of increases in benefits due each April
- Calculation and payment of non-pension scheme benefits including compensatory benefits for all employees.
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Pension Fund Investment
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- Administration and accounting for pension fund investments.
- Professional support to the Pension Fund Panel of elected members.
- Provision of Pension Fund Annual Investment Report and Accounts to all members.
- Performance measurement of the pension fund investments.
- Budget/accounting for pension fund investment.
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