212Reports on council investments

#### 212 Reports on council investments 212 Reports on council investments > > (1) The responsible accounting officer of a council— > > > > > (a) must provide the council with a written report (setting out details of all money that the council has invested under section 625 of the Act) to be presented— > > > > > > > (i) if only one ordinary meeting of the council is held in a month, at that meeting, or > > > > > > > (ii) if more than one such meeting is held in a month, at whichever of those meetings the council by resolution determines, and > > > > > (b) must include in the report a certificate as to whether or not the investment has been made in accordance with the Act, the regulations and the council’s investment policies. > > > (2) The report must be made up to the last day of the month immediately preceding the meeting. > > Note. > > Section 625 of the Act specifies the way in which a council may invest its surplus funds.