Issue - meetings

The Council has adopted the CIPFA Code of Practice on Treasury Management. It is a requirement of the Code that regular reports be submitted to Members detailing treasury management operational activity. This report is the mid-year for 2018/19 covering the period 1 April to 30 September 2018.

Contact: James Anderson Senior Finance Manager Tel: 01484 221000.

(1) That the half-year treasury management performance 2018/2019, as detailed within the considered report, be noted.

(2) That approval be given to amending the Council’s current investment strategy to include the Local Authority Property Fund as a potential investment source.

(3) That it be noted that Officers will further explore an investment opportunity of between £5m and £10m in the Fund, and that subject to further Government clarification on the statutory override, and other risk considerations, any such proposals be formalised into the forthcoming 2019/2020 Annual Treasury Management Strategy and Annual Budget for further consideration.