The Council Meeting has:-
(1) Received the Treasury Management and Investments Mid Year Review 2011/12 report in line with best practice guidelines and noted the treasury activity for the first half of the financial year.
(2) Given approval to the changes in the investment criteria of Moody’s cited in paragraph 11.13 and 11.15 and of Fitch as detailed in paragraph12.6 of the report.
(3) Noted the expected impact of the housing reform proposals on the capital and treasury plans.
The Executive Meeting considered and noted mid-year performance of the Treasury Management function for 2011/12, including the expected impact of the housing reform proposals on the capital and treasury plans and also recommended that the Council Meeting approve the changes to the investment criteria of the Treasury Management Strategy as detailed in paragraphs 11.13, 11.15 and 12.6 of the report.