Issue details

This report summarises the Council’s borrowing and investment activity and capital expenditure up to 30 September 2023 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:-

The Council’s net interest budget for 2023/24 is £612,000 with an actual of £239,671 at the end of September (£879,854 actual in 2022/23).  With the Bank Rare at its likely peak of 5.25%, the budget will be reviewed during the budget setting period to reflect the latest capital programme spending plans.

A summary of the capital programme expenditure against budgets in the current year, is set out in the following table:-