SECURITY
- Financial exposure
- Risk of fraud
- Decision making process
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High
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- Current account deposits in excess of £10,000 that will not be required in the next 6 months will be invested (in multiples of £10,000) with Wyre Forest District Council
- All investments to be made in accordance with the Council’s Financial Regulations
- Transfers of funds, however made, will be overseen by Town Clerk.
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LIQUIDITY
- Adequate remaining funds to cover current debts during period of investment
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High
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- Investments only to be made subject to an approved Cash Flow forecast for the proposed period of the Investment
- Cash Flow forecast to be prepared by the Treasurer in consultation with the Town Clerk
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YIELD
- Maximum yield to be sought only after security and liquidity assured
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Low
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- In accordance with Financial Regulations
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RECORD KEEPING
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Medium
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- All records of Investments to be retained for a minimum of 7 years.
- All records to be available to any member at any time
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REPORTING
- Members of Council adequately informed as to investments
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Low
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- Annual Treasury Management report to Finance Committee and Town Council.
- Any proposed variation from current investment practice between annual reports to be referred for decision by Finance Committee and Town Council.
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ACCOUNTING AND AUDIT
- Availability of records
- Availability of guidance
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Low
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- Records made available to Internal and External Auditor
- Accepted accounting practices to be observed
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