Agenda item

Monthly Investment Analysis Review

Report of the Chamberlain

Minutes:

The Board received a report of the Chamberlain concerning the monthly investment analysis review for February 2018. The Board noted that cash balances had gone down due to an expected curtailment in the collection of business rates at the end of the financial year, and that the short-dated bond fund investments had now been made and would appear in the next analysis presented to the Board.

 

The Chairman advised the Board that the outstanding £20 million loan to Northamptonshire County Council was underwritten by central government. A Member raised a query about loans to local authorities that the Board agreed to discuss as a non-public question relating to the work of the Board.

 

RESOLVED – That the report be noted.

 

Supporting documents: