Decision details

To approve the Treasury Management Activity Monitoring - Mid Year Review 2022-2023.

That Council be asked to note:

1.    That a mid-year review of the Treasury Management Strategy Statement has been undertaken and the Council has operated within the limits and requirements approved in March 2022.

2.    That a revenue underspend of £3.4 million for the General Fund and a revenue overspend of £996,000 for the Housing Revenue Account (HRA) are forecast from treasury management activities in 2022-2023.

That Cabinet notes:

1.    That the outcome of the Chartered Institute of Public Finance and Accountancy (CIPFA) consultation on proposals to update the CIPFA Code of Practice on Local Authority Accounting for infrastructure assets is still to be finalised.