Decision details

To receive the financial position as at the end of September 2022. 

RESOLVED –

1. That the Treasury Management and Prudential Indicator position as at 30 September 2022 be noted; and
2. That the forecast for investment and bank interest is £1,195,000, an increase of £750,000 from the approved budget of £445,000 and a further improvement of £450,000 from the Quarter 2 projection be noted.

REASON FOR DECISION:

Ensuring effective cash flow management was vital in order to support all the services provided by the Council. The interest received from investments was an important source of income in helping to set a balanced budget.