Issue - meetings

To consider a report by the Head of Financial Services reviewing the performance for the period 1^st April to 30^th September 2012.

Recommended the report of the Head of Financial Services, which reviewed the respective levels of performance achieved during April to September 2012 by external fund managers in the matter of investment of the Council’s Capital Receipts to Council and agreed the revised table and targets for borrowing.

A report by the Head of Financial Services was submitted (a copy of which is appended in the Minute Book) which reviewed the respective levels of performance achieved during April to September 2012 by external fund managers in the matter of investment of the Council’s Capital Receipts.

Having received the views of the Overview and Scrutiny Panel (Economic Well-Being), the Cabinet

RESOLVED

  that Council be recommended to note the contents of the report and approve the revised table and targets for borrowing set out in paragraph 6.2.

To consider a report by the Head of Financial Services.

Consideration was given to a report by the Head of Financial Services (a copy of which is appended in the Minute Book) containing details of the Council’s investments for the period 1^st April to 30^th September 2012. Members’ attention was drawn to the treasury management activity, the performance summary and the performance against budget in 2012/13. Having been advised that a current indicator for interest rate exposures did not differentiate between long and short and borrowing and investing, it was

RESOLVED

that the Cabinet be requested to recommend the Council

a)  to approve the revised table and targets in paragraph 6.2 of the report now submitted; and

b)  to note the contents of the report by the Head of Financial Services on Treasury Management – Review of Performance.