Having considered an officer report, and a presentation by the Cabinet
Member for Resources, Councillor Kevin Bonavia, the Mayor agreed that:
(1) macro economic context, performance of investments to date, updates on
capital expenditure and borrowing in line with CIPFA requirements and the
Council’s treasury management strategy be noted:
(2) changes to the Treasury Indicators and Limits in respect of the fixed
interest rate borrowing to reflect the maturing structure of the existing
borrowing portfolio be noted;
(3) officers be authorised to work to explore the options, as a non-specified
investment, of pooled investment funds and residential mortgage backed
securities for periods of greater than twelve months and that, if required,
changes to non-specified investments in the Annual Investment Strategy be
brought forward when the treasury strategy is reset with the budget in
February 2017.