Issue - meetings

To consider and decide on the recommendations as set out in the associated report. 

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.

Councillor Christopher Hall, Cabinet Member for Finance and Performance introduced Jane Fineman, Head of Finance, Procurement and Parking who presented the report as set out in the agenda.

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.

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report. 

Jane Fineman, Head of Finance, Procurement and Parking introduced the report set out in the agenda.

RESOLVED – That the recommendations to Cabinet as set out in the report be supported.