Decision details

The Cabinet had before it a *report of the Head of Finance informing the Cabinet of the treasury performance during the first six months of 2015/16 and requesting it to agree the ongoing deposit strategy for the remainder of 2015/16 and to review the compliance with key Treasury and Prudential Limits for 15/16 outlined in Appendix 1 of the report.

The Cabinet Member for Finance outlined the contents of the report highlighting the current portfolio position.

Discussion took place regarding the need to invest in property to increase income.

RESOLVED that the existing policy for investments with banks and building societies be continued.

(Proposed by Cllr P H D Hare-Scott and seconded by Cllr C R Slade)

Notes:

(i)        Cllr C J Eginton declared a personal interest as he received a pension from Lloyds Bank;

(ii)       Cllr N V Davey declared a personal interest as a member of  Nat West Bank pension scheme;

(iii)      *Report previously circulated, copy attached to minutes.