Issue - meetings

The Director of Finance and Resources presented a report which enabled the Committee to consider the treasury strategies prior to them being taken to Council for approval.

Members were informed that the strategies included the Flexible Use of Capital Receipts Strategy, which involved using Capital to fund Revenue.

The Chair observed that interest rates had increased and felt the Council should be taking advantage. The Director of Finance and Resources advised that this might not be possible because interest rates changed very quickly.

Members enquired who would make the decision on where to invest the money in the strategies. They were informed that the Director of Finance and Resources would carry this out on a day-to-day basis.

RESOLVED – That the Committee noted the report.