Decision Maker: Executive
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
That the following elements be recommended to Council for approval:-
· inclusion of the Local Authorities Property Investment fund into the current Investment strategy,
· maximum duration funds can be placed in an investment instrument be extended from 3 years to 10 years however this extension only applies to monies placed in this fund,
· maximum level of funds to be placed into this fund be set at £10m,
· the Prudential indicator for Upper limit for sums invested over 364 days be amended from £60m 2015/16, £60m 2016/17 & £50m 2017/18 to £70m 2015/16, £70m 2016/17 & £60m 2017/18 and a new category be incorporated under the existing Investment criteria as detailed at Appendix A to the report.
Report author: Corporate Director Transformation and Resources
Publication date: 07/07/2015
Date of decision: 29/06/2015
Decided at meeting: 29/06/2015 - Executive
Effective from: 15/07/2015
Accompanying Documents: