Issue - meetings

The Cabinet is requested to consider the report and make the following resolutions:

1.    That the Treasury activity summarised in the report, taking into account any comments provided by the Corporate Governance and Audit Committee be considered.

2.    That the assessment of the security of the Council’s direct investments in commercial property be considered.

RESOLVED

1.    That the Treasury activity summarised in the report, taking into account any comments provided by the Corporate Governance and Audit Committee be considered.

2.    That the Cabinet notes the matters reported in sections 5.2 to 5.4 of the report and agrees no further action is required by the council to mitigate the loss.

Cllr Wilding introduced the item. He outlined an amendment to recommendation two as stated in the resolution below.

In a vote the following amended resolutions were agreed:

RESOLVED

1.    That the Treasury activity summarised in the report, taking into account any comments provided by the Corporate Governance and Audit Committee be considered.

2.    That the Cabinet notes the matters reported in sections 5.2 to 5.4 of the report and agrees no further action is required by the council to mitigate the loss.