Decision

The Council considered a report in respect of the Mid Year Treasury Management Review 2023/24, including the Prudential Indicators.  It was noted that the report had been endorsed by both the Audit Committee and the Executive.

It was moved by Councillor Jeannette Thomas, and seconded by Councillor Jackie Hollywell, that the Recommendation in the report be approved.

In response to questions and comments by members, Councillor Thomas advised that in relation to a deposit scheme for tenants, this would be difficult due to the financial situation of the tenants.  In relation to costs for professional services, due to changes of situation and unexpected circumstances such as the Covid pandemic this could fluctuate.

Upon the motion being put to the vote, it was RESOLVED:

1.  That the request for in-year growth due to HRA 2024/25 budget pressures of £2,434,050 as detailed in paragraph 4.11.2 of the Cabinet Report at Appendix A to the Council report be approved.
   
   
2. That an additional £400k of HRA expenditure for the remainder of 2024/25 be approved.