Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
The Financial Services Manager presented the Treasury Management Year End report to the Committee. The Committee was advised that the Council’s internally managed investments had outperformed their benchmark and achieved a return of 1.26% for the year (34% of the year end investment). In addition, the Council’s Investment Manager, Investec, had outperformed its benchmark with an average return of 1.01% (66% of the year end investment) for the year.
The Council remained within its Treasury Management and Prudential Code guidelines during the period.
RESOLVED: That the report be received and noted.
Report author: Stuart Groom
Publication date: 25/09/2013
Date of decision: 20/06/2013
Decided at meeting: 20/06/2013 - Governance Committee
Accompanying Documents: