Decision details

The Deputy Leader introduced a detailed report of treasury activities up to 30 September. Members noted from the report that activities had been consistent with relevant Chartered Institute of Public Finance and Accountancy Guidance, Treasury Management principles and the Council’s investment strategy.

There were no proposed changes to the Counterparty limits for UK Banking. However, the maximum lending period for a number of the UK Institutions had been revised as advised by the Authority’s Treasury Management Consultants

The Head of Finance explained to Councillor Hannon that it would be inappropriate to discuss the details in relation to the repayment of the loan to Queensberry other than to say that Queensberry are required to repay by November 2016

Resolved

To receive the report on treasury management activities for the period to 30 September 2015.