Decision details

Treasury Management - Quarter 2 Performance 2017/18 & Mid-Year Review

Decision Maker: Portfolio Holder for Resources, Commissioning and Contracts Management

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

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.

 

Reasons for the decision:

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: