Agenda and minutes

Apologies were received from Alderman Peter Hewitt, Tom Hoffman, Alderman Robert Howard, Edward Lord and Philip Woodhouse.

The Chairman welcomed the Chief Commoner to the meeting.

There were no declarations.

To agree the public minutes and non-public summary of the meeting held on 27 October 2016.

RESOLVED - That the public minutes and non-public summary of the meeting held on 27 October 2016 be agreed as a correct record.

Report of the Town Clerk.

Members received and discussed the list of Outstanding Actions, noting that the need for a presentation from the   Charities Pool fund manager would be reviewed after the survey results had been received.

RESOLVED – That the report be noted.

The Board received two reports of the Chamberlain regarding the Treasury Management Strategy Statements for 2015/16 (end of year review) and 2016/17 (mid-year review), and the monthly review for October 2016. Members discussed the cash reserves, noting that a review was being undertaken; initial analysis had been carried out and the financial forecasts were being prepared. After this had been completed, advice could be sought as to how it could be invested. In response to a Member’s query regarding the Approved Counterparties list, officers advised that this would be reviewed with the Treasury Management Strategy in January/February.

RESOLVED – That the reports be noted.

There were no questions.

There was no other business.

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

Item No.                                                          Paragraph(s) in Schedule 12A

9-12, 14                                                                                   3

13                                                                                            -

To agree the non-public minutes of the meeting held on 27 October 2016.

RESOLVED – That, subject to two amendments, the non-public minutes of the meeting held on 27 October 2016 be agreed as a correct record.

Report of the Town Clerk.

Members received and discussed the list of Outstanding Actions.

RESOLVED – That the report be noted.

Joint report of the Chamberlain and the Comptroller & City Solicitor.

Members received a joint report of the Chamberlain and Comptroller & City Solicitor regarding a proposed delegation of investment powers to the Financial Investment Board.

RESOLVED – That the report be noted.

Reports of the Chamberlain and Mercer TO FOLLOW.

The Board received two reports from the Chamberlain and Mercer regarding the investment performances of the Pension Fund, City’s Cash, and Bridge House Estates portfolios.

RESOLVED – That the reports be noted.

Report of Mercer.

The Board considered a report of Mercer.

There were no non-public questions.

There was one item of other business.