Issue - meetings

Item CB 14/66 referred from Cabinet minutes of 8 October 2014

Item CB 14/66 referred from Cabinet minutes of 8 October 2014

RESOLVED:  That the recommendations at Minute CB 14/66 be adopted.

The report of the Director of Finance and Transformation advised that a report detailing treasury management activity undertaken during the period April to August of the current financial year had been considered by the Audit Committee on 6 October 2014.  The action taken by officers had been commended for endorsement together with the retention of the current risk parameters and the change in management responsibility for the Council’s core fund investments noted.

RECOMMENDED:  That

(1)        the action taken by officers in respect of treasury management activity for the period April to August 2014 be endorsed;

(2)        the transfer of responsibility for core fund investments to In-house management with effect from 1 August 2014 be noted; and

(3)        the existing parameters intended to limit the Council's exposure to investment risks be retained.

        *Referred to Council