Cabinet Member for Finance

Cabinet considered the report of the Head of Finance and the above Cabinet Member which set out the Treasury Management Strategy Statement and Investment Strategy 2015/16 for approval.

In response to a question, the Head of Finance confirmed that the Council would not receive higher interest rates for depositing money for longer periods, and the maximum duration for investment term deposits would be 12 months.

RECOMMENDED:

(1)  That the Treasury Management Strategy Statement and Investment Strategy for 2015/16 be approved.

(2)  That the proposed inclusion of Treasury Bills, highly rated overseas banks for increased deposits, use of CCLA Property Fund, pooled corporate and absolute return funds to levels specified be agreed.