Agenda item

The Cabinet considered a report of the Corporate Director, Resources which required the Council to receive a mid-year treasury review in addition to the forward looking annual treasury strategy and backward looking performance against the previous strategy.  The report also incorporated the needs of the ‘Prudential Code’ (for copy see file of minutes).

Cabinet congratulated all those involved in recovering £7.036m against the original £7m that had been deposited across the Icelandic banks which had gone into administration.

Resolved:

That the recommendations contained in the report be approved.