Agenda item

[To approve the Treasury Management Activity Monitoring - Mid Year Review 2022-2023]?

1. That it be noted, a mid-year review of the Treasury Management Strategy Statement had been undertaken and the Council had operated within the limits and requirements approved in March 2022.
2. That it be noted, 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) were forecast from treasury management activities in 2022-2023.

The Cabinet Member for Resources and Digital City, Councillor Obaida Ahmed, presented the report on Treasury Management Activity Monitoring - Mid Year Review 2022-2023for approval.

The report provided Council with a monitoring and progress report on treasury management activity for the second quarter of 2022-2023 as part of the mid-year review, in line with the Prudential Indicators approved by Council in March 2022.

The Cabinet Member for Resources and Digital City, Councillor Obaida Ahmed, proposed the recommendations and the Leader of the Council, Councillor Ian Brookfield seconded the recommendations.

The report was debated by Council. Councillor Obaida Ahmed replied to the

debate.

Resolved:

1. That it be noted, a mid-year review of the Treasury Management Strategy Statement had been undertaken and the Council had operated within the limits and requirements approved in March 2022.
2. That it be noted, 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) were forecast from treasury management activities in 2022-2023.