Amendment to the Treasury Management Strategy 2024/25
Decision Maker: Audit, Risk and Governance Committee
Decision status: For Determination
Is Key decision?: No
Purpose:
To seek approval for changes to the credit
matrix for investments
Decisions:
Mike Jensen, Director of Investment presented a report which set out a proposed amendment to the council's Treasury Management Strategy 2024/25.
It was highlighted that the differences between the current strategy and the proposed amendments were very small and overall the council's risk profile would remain balanced.
In response to members' questions and comments, it was confirmed that the proposed minimum credit qualities were still investment grade and therefore the additional risk level was not concerning.
Resolved: That the amendment to the Treasury Management Strategy 2024/25, as set out in the report, be recommended to Full Council for approval.
Divisions Affected: None;
Contact: Paul Dobson Email: paul.dobson@lancashire.gov.uk.
Report author: Paul Dobson
Date of decision: 22/07/2024
Decided at meeting: 22/07/2024 - Audit, Risk and Governance Committee
Accompanying Documents:
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