Agenda and minutes

          The Minutes of the meeting held on 14^th January 2010 were taken as read and signed as a correct record.

          The Sub-Committee received a report from the Operational Director – Financial Services on the Treasury Management 2009/10 3^rd Quarter (October to December) which updated the Sub-Committee on activities undertaken on the Money Market as required by the Treasury Management Policy (TMP).  The Operational Director reported on the current economic background based upon information supplied by the Council’s treasury management advisors, Sector.

          The report provided supporting information on the short-term rates, longer-term rates, temporary borrowing/ investments, longer-term borrowing/investments and policy guidelines. It was noted that all the policy guidelines in the TMP had been complied with.

          It was also reported that a members’ seminar on Treasury Management had been arranged for 17^th February 2010 in the Stobart Stadium.

          RESOLVED: That the report be noted.

MINUTES ISSUED: 29^th January 2010

CALL IN:  8^th February 2010

Any matter decided by the Executive Board Sub Committee may be called in no later than 8^th February 2010.