Decision details

a)    that the change from existing Constant Net Asset Value (CNAV) Money Market Funds to Low Volatility Net Asset Value (LVNAV) Money Market Funds be noted.

b)    that the mid-year position in respect of the treasury activity and performance against the prudential indicators be noted.

REASON FOR DECISIONS

To inform Cabinet of the current Treasury Management performance position and to meet the requirements of the Council’s Financial Regulations (C.30).

ALTERNATIVE OPTIONS CONSIDERED AND REASONS FOR REJECTION

There were no alternative options considered as it is a requirement to report on Treasury Management performance during the year in accordance with Financial Regulations.