Agenda item - Annual Investment Strategy 2010/11

Report of the Director of Finance & Resources (copy attached); together with an extract from the proceedings of the Cabinet meeting held on the 11^th March 2010 (to be circulated with the Addendum papers).

67.1   Councillor Young introduced the report which detailed the proposed Annual Investment Strategy for 2010/11 and had been endorsed by the Cabinet at its meeting on the 11 March 2010.

67.2   Councillor Hamilton welcomed the report and noted that a number of recommendations from the Department of Communities & Local Government had been identified for implementation.

67.3   Councillor Randall also welcomed the report and the proposed review of the number of Banks and Building Societies that the council had dealings with.  He hoped that the review would leas to a greater involvement with Mutual Societies.

67.4   The Mayor noted that the recommendations had been moved which she put to the vote and were carried.

67.5   RESOLVED:  That the Annual Investment Strategy 2010/11 be approved.