Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Executive are asked to approve the proposed increase in the treasury management annual investment strategy “Non Specified” limit to enable the movement of cash on short term deposit into longer term fixed term deposits (investments) to access higher interest rates.
RESOLVED that the increase in the Non specified limit from £30 million to £50 million be approved.
Reason: The detailed reasons for the recommendations are set out in the report.
[POLICY OVERVIEW & SCRUTINY COMMITTEE]
Report author: Peter Vickers
Publication date: 01/12/2021
Date of decision: 30/11/2021
Decided at meeting: 30/11/2021 - Executive
Effective from: 09/12/2021