<p>Ms Fanny Malinen</p><p>By Email Your ref: [email protected] My ref: 101002006420 Date: 21st May 2015</p><p>Dear Ms Malinen</p><p>Your request for an Internal Review under the Freedom of Information Act 2000</p><p>Thank you for your email dated 6th May 2015 relating to your recent request for information and your request for an internal review into the Council’s handling of this case. </p><p>My understanding is that you felt the answers given to questions 2, 4 and 7 of your Freedom of Information request were inadequate.</p><p>How I reached my view</p><p>In reviewing this case, the information that I have reviewed and considered includes </p><p> The original request for information  The original response  Any exemptions applied  The Public Interest Test and decision  The procedures used in your original response</p><p>My final view</p><p>I have reviewed the case as an independent reviewer and my conclusion is that:</p><p>I believe question 2 has in part been answered from the data provided as it provides a start date for the loan which gives a reasonable proxy as to when the loan agreements would have been signed. I can add that they would have been signed by an authorised office in line with the Councils constitution and Treasury Management policies and practices.</p><p>Question 4, in my opinion, has been answered in that it was the Councils own treasury team at the time who would have analysed the market at the time, the loan options available at that time and advised the Chief Finance Officer that LOBOs were the best fit for the Councils debt position. The review then asks about who we have consulted, Cornwall Council, County Hall Truro, TR1 3AY Tel: 0300 1234 100 www.cornwall.gov.uk which is a slightly different ask to the original question around advice. The Councils Treasury consultants would have been consulted on these deals and provided their opinion which would have been taken in to account when the team gave their advice. The Councils current Treasury consultants are Capita Asset Services, previously Sector.</p><p>I have reviewed the FOI response and discussed with our legal team why the detail to question 7 was withheld and I’m satisfied that enough information was provided to allow sufficient analysis to be made of the Councils debt portfolio and decisions that were made, but additionally satisfied that further information was redacted for commercial reasons so as not to prejudice the Councils position and its counterparties in any future treasury management.</p><p>If this does not resolve the matter to your satisfaction, you have the right to apply directly to the Information Commissioner, the contact details of whom are:</p><p>FOI/EIR Complaints Resolution Information Commissioner's Office Wycliffe House Water Lane Wilmslow Cheshire SK9 5AF Email: [email protected]</p><p>Yours sincerely</p><p>Andy Brown Assistant Head of Finance Business Planning & Development Service Communities and Organisational Development Directorate Cornwall Council Tel: 01872 322537 (Internal: 492537) Fax: 01872 323843 Work Mobile: 07805748829 Email: [email protected] 3S, County Hall, Treyew Road, Truro, TR1 3AY www.cornwall.gov.uk</p><p>Cornwall Council, County Hall Truro, TR1 3AY Tel: 0300 1234 100 www.cornwall.gov.uk Cornwall Council (“the Council”) will use reasonable endeavours to ensure that the information provided in response to your request is complete, subject to any information that may be withheld in accordance with the Act. However, the Council accepts no responsibility for any loss or damage incurred as a result of you acting on or refraining to act on information or other material disclosed to you in accordance with your request.</p><p>Cornwall Council, County Hall Truro, TR1 3AY Tel: 0300 1234 100 www.cornwall.gov.uk</p>