Decision details

A presentation was made to the committee by Mike Jensen, chief investment officer.

The report outlined the treasury management activities of the county council throughout 2013/14 and included:

-  A review of the economic conditions during 2013/14.

-  An assessment of the appropriateness of treasury strategy within the current and predicted economic environment.

-  Borrowing activity.

-  Investment activity.

-  Actual results measured against 2013/14 prudential indicators and treasury management indicators.

-  An update on the recovery of the investment in Landsbanki hf.

Officers responded to a number or queries raised by the committee in relation to the recovery of the investment in the Icelandic Bank Landsbanki.

Attention was drawn to the Arlingclose quarterly credit risk benchmarking graphs at Appendix A to the report. These showed that the County Council was in line with its strategy of low credit risk and high investment return.

Resolved: - That the review of treasury management activities for 2013/14 to date as shown at appendix A to the report now presented, be noted.