Decision Maker: Portfolio Holder for Resources, Commissioning and Contracts Management
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
1. That the Treasury Management performance for the second quarter of 2017/18 be noted;
2. That Council be recommended to approve the 2017/18 prudential indicators as set out in Annex B1 of the report; and
3. That Council be recommended to approve the increase in limit to £100m for pooled funds/collective investment vehicles as set out in the report.
In line with government guidance, the Council’s policy is to seek to achieve the highest rate of return on investments whilst maintaining appropriate levels of risk, particularly security and liquidity.
As a result of the good returns earned by the Council’s current investments in pooled funds, the lack of ‘simple’ investment opportunities providing a good return, and the need for the Council to generate income, it is proposed that the limit for such investments be increased from £80m to £100m.
Publication date: 06/12/2017
Date of decision: 06/12/2017
Effective from: 14/12/2017
Accompanying Documents: