RESOLVED –
-
That the Treasury Management and Prudential
Indicator position as at 30 September 2022 be noted;
and
-
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.