The report of the Head of Treasury Services was submitted, seeking adoption by the Council of the Treasury Management Strategy Report, incorporating the Annual Investment Strategy 2010/11, as required under section 15(1)(a) of the Local Government Act 2003.
In response to a comment from a Member, the Head of Treasury Services reported that whilst the majority of the Council’s funds were placed with a fund manager, it was necessary for the day-to-day cash flow to be managed in-house.
Executive recommended that the Council adopts the Treasury Management Strategy and delegations contained therein.