Agenda item

Report of the Chamberlain.

The Corporate Treasurer advised that the only change to the 2014/15 Treasury Strategy was the reduction in the maximum investment of loans with a maturity in excess of one year from £300million to £200million. In addition it was proposed to continue to lend monies for up to three years’ duration when considered appropriate although at the present time we were restricting investments to three months. He further advised that in assessing creditworthiness, the City used a risk weighted scoring system. Members discussed the strategy, noting that potential deflation in the Eurozone was being monitored.

The Corporate Treasurer advised that it was best practice for Members to receive Treasury Management training and if Members agreed a short training session could be arranged for the May or June meeting. Members agreed that a short training session would be useful.

RESOLVED – That the Treasury Management Strategy Statement and Annual Investment Strategy for 2014/15 be approved and submitted to Court for formal adoption.