Uninvested Funds
:
Minutes:
Members considered the options proposed in regards the uninvested funds.
Decision:
Members agreed that the funds would be equally divided
between the proposal received from the stockbrokers with the balance being
held on deposit by the Council,to allow
for further consideration as to whether there would be a need to provide
greater assistance to certain activities over the next 2-3 years.It was agreed
that the Head of Strategic Finance should agree the specific allocation of the
£20,000 to be invested by the stockbrokers.
Action: Margaret Moncur would email information
regarding deposit accounts to Members. Margaret should also arrange for
investment of £20,000
: