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Agenda item

Short Term Investments for the Period Ended 31 December 2018


The Committee considered a report of the Corporate Director of Resources which provided information on the performance of the Pension Fund’s short-term investments as at 31 December 2018 (for copy see file of Minutes).


Councillor Shuttleworth referred to the net interest earned and was advised that the short term cash balances were invested in line with the Council’s Treasury Management Policy and Annual Investment Strategy which set out maximum time limits and amounts for investment. The Member was assured that every effort was made to maximise rates of return in line with the Policy.




That the position at 31 December 2018 regarding the Pension Fund’s short-term investments where the Pension Fund’s surplus cash holding was £45,870 million and £65,169 net interest was earned in the three month period, be noted.


Supporting documents:


Democratic Services
Durham County Council
County Hall
County Durham
03000 269 714