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Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The report summarises the Council’s borrowing and investment activity and capital expenditure up to 30 September 2022 and provides details of the Council’s money market transactions. It also provides information on the performance against the Treasury and Prudential Indicators.
During the first half of the year the Council operated within the treasury and Prudential Indicators.
The overall treasury position is set out in the following table:
|
|
31 March 2022 Actual £’000 |
30 Sept 2022 Actual £’000 |
|
Total borrowing |
53,199 |
53,336 |
|
Total investments |
(22,189) |
(27,379) |
|
Net borrowing |
31,010 |
25,957 |
The Council’s net interest budget for 2022/23 is £678,800. With the Bank Rate expected to reach 5% by the end of the year, the budget is likely to be exceeded and will be revised during the revised budget setting period.
A summary of the capital programme expenditure against budgets in the current year, is set out in the following table:
|
Capital Programme |
Revised Budget 2022/23 £ |
Budget to 30 Sept 22 £ |
Actual to 30 Sept 22 £ |
Variation £ |
|
General Fund |
16,213,400 |
1,563,200 |
1,299,029 |
-264,171 |
|
HRA |
9,460,300 |
3,148,200 |
3,516,801 |
368,601 |
|
Total |
25,673,700 |
4,711,400 |
4,815,830 |
104,430 |
RESOLVED that the Executive notes the Treasury Management and Capital Monitoring report for 2022/23.
Publication date: 09/11/2022
Date of decision: 07/11/2022
Decided at meeting: 07/11/2022 - Executive
Effective from: 19/11/2022
Accompanying Documents:
PDF 232 KB
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