Agenda and minutes

Venue: Council Chamber, Trafford Town Hall, Talbot Road, Stretford

Contact: Ian Cockill  Democratic Services Officer

Media

Items
No. Item

36.

Treasury Management Strategy pdf icon PDF 272 KB

In accordance with Procedure Rule 3 of the Council’s Constitution, an Extraordinary Meeting of the Council has been called to consider the attached report of the Corporate Director of Finance and Systems.

 

Additional documents:

Minutes:

 

The Executive Member for Finance and Investment and the Corporate Director of Finance and Systems submitted a joint report providing an update on the treasury investment strategy to extend the use in pooled investment vehicles to permit funds to be placed in pooled vehicles that have a strong focus on social impact ethical investments and to allow funds to be placed in a new class of non-specified investments which support and complement the Council’s Asset Investment Strategy.

 

The report advised that all investments would be undertaken in accordance with the primary power to invest, as stipulated in Section 12 of the Local Government Act 2003, with due regard also being placed on the statutory guidance on local authority investments issued by the Ministry of Housing Communities and Local Government in 2018, which included that priority consideration should be given to security and liquidity.

 

RESOLVED: That the changes to the Treasury Management Investment Strategy, as detailed in the report, be approved.