Report of the Chamberlain
The Board received a report of the Chamberlain concerning the monthly investment analysis review for September 2018. The Board noted the current investment list and total investment values set out in the report.
The Chamberlain advised that the majority of cash held were payments due to third parties or restricted reserves. The Board noted the average rate of return of 0.84%.
A Member asked if a chart tracking performance of yield could be added to future reports, so that it could be monitored on a quarterly basis, particularly in respect of changing interest rates. The Chamberlain responded that officers would look into whether this could be incorporated into the report format.
RESOLVED – That the report be noted.