Decision details

Treasury Management Mid Year Monitoring Report 2022/23

Decision Maker: Cabinet Executive

Is Key decision?: No

Is subject to call in?: No

Purpose:

To provide members with an update on the Council’s treasury activities for the half year ended 30th September 2022, and the economic factors which have affected those activities.

To demonstrate compliance with the Council’s prudential indicators which were approved in February 2022.

Decision:

RECOMENDATIONS TO COUNCIL

 

1.    That the latest position in respect of treasury activities, and the prudential indicators, be accepted.

 

2.    That the increase in the Capital Financing Requirement from £14.446m to £18.037m be approved.

 

Reasons:

 

1.    The regulatory framework governing treasury management activities includes a requirement that the Council should, as a minimum, receive a mid-year treasury monitoring report in addition to the forward-looking annual treasury strategy and the backward-looking annual treasury report.

 

2.    This report fulfils the requirement above and incorporates the needs of the Prudential Code to ensure adequate monitoring of capital expenditure plans and the Council’s prudential indicators. The treasury strategy and prudential indicators for 2022/23 were contained in the report approved by Council on 24th February 2022.

 

Report author: Nick Brown

Publication date: 07/11/2022

Date of decision: 07/11/2022

Decided at meeting: 07/11/2022 - Cabinet Executive

Accompanying Documents: