Decision details
Treasury Management Strategy and Mid Year Review Report (00:41:53)
Decision Maker: Cabinet, Council
Decision status: Implemented
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To consider a report of the treasury
performance during the first 6 months of the financial
year.
Decisions:
The Cabinet had before it a * report of the Deputy Chief Executive (S151) informing the Cabinet of the treasury performance during the first six months of 2018/19 and requesting agreement of the ongoing deposit strategy for the remainder of 2018/19.
The Cabinet Member for Finance outlined the contents of the report stating that investment income had improved by £100k. The Cabinet’s attention was drawn to the list of deposits and short term investments within the report and the prudent strategy used by the Council to invest all surplus funds with the main UK banks and building societies, subject to strict lending criteria.
RECOMMENDED to Council that a continuation of the current policy as outlined in paragraphs 6.0 – 6.5 be agreed.
(Proposed by Cllr P H D Hare-Scott and seconded by Cllr Mrs M E Squires)
Note: *Report previously circulated, copy attached to minutes
Report author: Andrew Jarrett
Publication date: 27/11/2018
Date of decision: 22/11/2018
Decided at meeting: 22/11/2018 - Cabinet
Accompanying Documents:
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