Decision details
AMENDMENT TO THE 2019-2020 TREASURY MANAGEMENT STRATEGY
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decisions:
The Council considered a report which advised that the
Council has significant balances which are invested in accordance with its
Annual Treasury Management Strategy. The Council considered the request for two
amendments to the strategy to allow for a greater flexibility when making
investment decisions in the current economic environment.
Decision
The Council agreed to:-
a) Amend
the investment limit for term deposits with UK Banks from £10m to £15m.
b) Amend
the maximum duration that a deposit can be made with other local authorities or
public bodies from 1 year to 2 years.
(Ref: Report by the Head of Financial Services dated 22 August 2019, submitted)
Publication date: 27/09/2019
Date of decision: 26/09/2019
Decided at meeting: 26/09/2019 - Argyll and Bute Council
Accompanying Documents: