This item was considered at the meeting held on 14 July 2011.

This item was considered at the meeting held on 14 July 2011.

To consider report F.123 relating to a proposed revision to the Treasury Management Strategy 2011/12 for the Council.

Cllr Robinson presented report F.123, explaining that the Audit Committee had approved the strategy, but that one element needed to be endorsed by Full Council. The monies in variable investments were funds that the council needed to get to quickly and on one occasion in 2010/11 the Section 151 Officer had needed to authorise going over the limit of £8 million.

Cllr Robinson proposed and Cllr Birch seconded the motion.

RESOLVED – to increase the upper limit on variable investments from £8 million to £9 million

Voting was as follows.

For (48) – Norman Stephens, Roger Yeates, Jim Connell, Gethyn Davies, Brian Jones, Brian Edwards, James Bevan, Judy Davis, Frankie Evans, Carole Allaway Martin, Marrilyn Smart, Len Lawton, Peter Ede, Marion Winship, Gabriella Kirkpatrick, Roy Birch, Arthur Thomas, Julia Gooch, Ian Whitburn, Dave East, Maria Edey, Philip Burford, Clive Elsmore, Andrew Gardiner, Paul Hiett, Graham Morgan, Max Coborn, Frank Beard, Frank Baynham, Bill Osborne, Paul McMahon, David Thomson, Bill Evans, Bernie O’Neill, Don Pugh, Bruce Hogan, Val Hobman, Lynn Sterry, Di Martin, Jackie Fraser, Helen Stewart, Terry Glastonbury, Terry Hale, Diana Edwards, Martin Quaile, Patrick Molyneux, Brian Robinson, Jane Horne

Against (0)

Abstained (0)