Police and Crime Commissioner for Cleveland’s Annual Investment Strategy
How the Office of the Police and Crime Commissioner (OPCC) invests its money is governed by a number of guidelines.
You can find guidelines in:
- Local Government Investments (issued March 2004)
- Chartered Institute of Public Finance and Accountancy (CIPFA’s) Treasury Management in Public Services (2011 Edition.)
Therefore, to ensure the OPCC keep to the rules, it has an Investment Strategy.
The main priorities of the strategy are to make sure investments are:
- Secure, and;
- The OPCC has enough access to the money invested.
As a result, this strategy aims to get the best return for the OPCC. The strategy also makes sure the right levels of security and liquidity are maintained.
The OPPC can only invest its money in certain ways and within certain limits. This is in line with guidance on Local Government Investments. The guidance says the OPCC must invest its money in legal and relatively low risk ways.