Issue - meetings
Treasury Managment Strategy and Mid Year Review Report
Meeting: 22/11/2018 - Cabinet (Item 108)
108 Treasury Management Strategy and Mid Year Review Report (00:41:53) 
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To receive 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 the ongoing deposit strategy for the remainder of 2018/19.
Additional documents:
Minutes:
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