Issue - meetings

Item CB 19/4 referred from Cabinet minutes of 14 February 2019

Item CB 19/4 referred from Cabinet minutes of 14 February 2019

RESOLVED:  That the recommendations at Minute CB 19/4 be approved.

The report provides details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2019/20 Treasury Management and Annual Investment Strategy.  Members are invited to recommend adoption of the Strategy by the Council.

The report of the Director of Finance and Transformation provided details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2019/20 Treasury Management and Annual Investment Strategy.  Members were invited to recommend adoption of the Strategy by the Council.

It was noted that the Audit Committee at its meeting on 21 January 2019 had reviewed and endorsed the matters covered by the report.

The Cabinet acknowledged the work of officers involved in the Council’s treasury management.

RECOMMENDED:  That

(1)             the treasury management position as at 31 December 2018 and the higher level of income incorporated in the 2018/19 revised estimates be noted; and

(2)             the Treasury Management and Annual Investment Strategy for 2019/20, as set out at Annex 4 to the report, be adopted.

*Referred to Council