Decision Maker: Cabinet (Resources) Panel
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve the Treasury Management Activity Monitoring Quarter Three 2018-2019.
1. That the use of the Treasury Management Equalisation Reserve up to the value of £2.0 million in 2018-2019 in the event that an overspend against the General Revenue Account budget is realised be approved.
2. That it be noted that the Council is continuing to operate within the Prudential and Treasury Management Indicators approved by Council, and also within the requirements set out in the Council’s approved Treasury Management Policy Statement for 2018-2019.
3. That it be noted that a revenue net overspend of £2.0 million for the General Revenue Account and an underspend of £171,000 for the Housing Revenue Account (HRA) are forecast from treasury management activities in 2018-2019.
4. That it be noted that the Prudential and Treasury Management Indicators included in the report are the same figures as those seen by Cabinet on 20 February 2019 and would be submitted for approval by Council on 6 March 2019.
Report author: Karen Eaton
Publication date: 05/03/2019
Date of decision: 05/03/2019
Decided at meeting: 05/03/2019 - Cabinet (Resources) Panel
Effective from: 12/03/2019