Issue - decisions

Investment Strategy

17/10/2017 - Investment Strategy

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).