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Treasury Management Strategy 2014/15
Meeting: 12/02/2014 - Cabinet. (Item 153)
153 Treasury Management Strategy 2014/15 PDF 129 KB
Additional documents:
- Enc. 1 for Treasury Management Strategy 2014/15, item 153 PDF 59 KB View as HTML (153/2) 32 KB
- Enc. 2 for Treasury Management Strategy 2014/15, item 153 PDF 90 KB View as HTML (153/3) 64 KB
- Enc. 3 for Treasury Management Strategy 2014/15, item 153 PDF 47 KB View as HTML (153/4) 10 KB
Minutes:
The Cabinet considered the report of the Director of Regeneration and Communities regarding the Treasury Management Strategy 2014/15, including the Treasury and Prudential Indicators.
RESOLVED to RECOMMEND to COUNCIL:
1. That the Treasury Management Strategy 2014/15 be adopted.
2. That a review be undertaken at mid-year of the use of foreign banks for last resort, short term investments.
Meeting: 10/02/2014 - Audit Committee (Item 84)
84 Treasury Management Strategy 2014/15 PDF 128 KB
Additional documents:
- Enc. 1 for Treasury Management Strategy 2014/15, item 84 PDF 59 KB View as HTML (84/2) 32 KB
- Enc. 2 for Treasury Management Strategy 2014/15, item 84 PDF 90 KB View as HTML (84/3) 64 KB
- Enc. 3 for Treasury Management Strategy 2014/15, item 84 PDF 47 KB View as HTML (84/4) 10 KB
Minutes:
The Committee considered the report of the Director of Regeneration and Communities regarding the draft Treasury Management Strategy for 2014/15, including the Treasury and Prudential Indicators.
The Head of Finance and Resources explained that the recommended changes to be proposed were:-
· Increasing the maximum duration limits with some part-nationalised groups to 2 years from 1 year;
· Invest up to £m of ore cash for over 1 year if rates were to improve, maybe using property funds; and
· Consider the use of core cash during 2014/15 for internal borrowing if not used for longer term investments;
Members asked questions of the Head of Finance and Resources regarding, inter alia, investing through Kent County Council, how interest is paid, rates of interest, the type of investments.
RESOLVED: That the Cabinet be recommended to agree the draft Treasury Management Strategy for 2014/15, as set out in the report of the Director for Regeneration and Communities, for submission to the Council.