Decision details

Investment Strategy

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To approve the Councils Investment Strategy which sets the context within which the Council will invest its cash reserves, balances and funds. By creating this as an adopted policy the Council sets a clear direction and focus for its investment activity.

 

Decision:

RECOMMEND to Full Council that:

 

1)    the Investment Strategy be approved;

 

2)    balances of £2,500,000 to be made available for temporary investments of up to 3 years maximum;

 

3)    £17,012 be re-allocated from the Community Projects Reserve to the investment fund for permanent use;

 

4)    £250,000 be left in the Organisational Development Reserve for future projects and the remaining balance be re-allocated to the investment fund for permanent use; and

 

5)    Members note that the new balance on the investment fund would be £4,505k following these changes (subject to the final Organisational Development Reserve balance).

Reasons for the decision:

To maximise the Council’s return on its investments and to provide a clear direction and focus for investment activity.

Alternative options considered:

That the investment strategy be approved, £2,495,00 be made available for temporary investments of up to 3 years, £17,012 be re-allocated from the Community Projects Reserve to the investment fund and £250,000 be left in the Organisational Development Reserve for future projects and the remaining balance be re-allocated to the investment fund for permanent use.

Report author: Alison Chubbock

Publication date: 17/10/2017

Date of decision: 17/10/2017

Decided at meeting: 17/10/2017 - Cabinet

Accompanying Documents: