Decision details
Investment strategy
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To agree an investment strategy for Brent.
Decision:
(i) To agree the investment strategy as attached as appendix one.
To note that individual investment decisions will be subject to specific approval by Cabinet;
(ii) To agree that the management of the council’s reserves will be centralised in order to facilitate the delivery of the investment strategy;
(iii) To agree, as part of 2.3, that a new £12m investment reserve will be established through re-designation of existing reserves, in order to deliver the investment strategy;
(iv) To delegate to the Chief Finance Officer authority to amend the technical criteria for evaluating investments as necessary.
Reason Key: Affects more than 2 wards;
Wards Affected: (All Wards);
Contact: Conrad Hall, Chief Finance Officer Email: conrad.hall@brent.gov.uk Tel: 020 8937 6528.
Report author: Conrad Hall
Publication date: 12/04/2016
Date of decision: 11/04/2016
Decided at meeting: 11/04/2016 - Cabinet
Accompanying Documents:
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