Issue - items at meetings - Annual Investment Strategy 2015/16

Report of the Interim Executive Director for Finance & Resources (copy attached).

That Policy & Resources Committee recommend to full Council the approval of the Annual Investment Strategy 2015/16 as set out in Appendix 1 to this report

160.1    The Committee considered a report of the Interim Executive Director for Finance & Resources in relation to the Annual Investment Strategy 2015-16. The Local Government Act 2003 introduced a prudential capital finance system whereby levels of borrowing and investments were decided locally by local authorities. Guidance issued under the Act required a local authority to approve an annual investment strategy which gave priority to security and liquidity.

106.2    Councillor Sykes thanked the excellent work of the Treasury Management Team, and noted that the list of UK banks had been expanded; he recommended the report to the Committee.

106.3    Councillor A. Norman also thanked Officers for their excellent work which went on year on year.

106.4    Councillor Randall noted the consistently good work of the team, and welcomed the continued investment in mutual building societies.

106.5    The Chair then put the recommendations to the vote.

106.6    RESOLVED TO RECOMMEND - That the Committee recommend to Council the approval of the Annual Investment Strategy 2015/16 as set out in Appendix 1 to this report.