Issue - meetings

(a)       To receive and note the minutes

(b)       To consider any recommendations contained within the minutes

The minutes of the meeting of the Audit Board held on 15th December 2011 were submitted.

RECOMMENDED   that as set out in minute 21/11 of the meeting of the Audit Board held on 15th December 2011, the maximum level of investment to be held within a single organisation (bank or building society), as detailed in the report, be set at £3 million, subject to market conditions. 

RESOLVED:

(a)       that in relation to the recommendation referred to above, the Audit Board be requested to note that the maximum level of investment to be held within a single organisation should be maintained at £3 million;

(b)       that the remainder of the minutes be noted.