Decision details

The Executive considered a report detailing the Council’s finances at 30 September 2016.

It was reported that in that quarter £1,929,000 had been spent on capital projects, of which the largest share, £945,000 had been spent on the acquisition of commercial properties. Other significant expenditure had been £464,000 on Disabled Facilities Grants, which had attracted additional grant income from Surrey County Council.

Sundry debts, at 30 September 2016, amounted to £884,000, which compared with £610,000 for the same period the previous year. It was, however, noted that £181,000 of this related to new quarterly billing for industrial estate properties, where the processing method was under review, and that SANGS payments were now being processed via the debtor’s system, which would continue to distort ongoing debt levels.

The Housing Benefit debts balance was £629,000 at 30 September 2016, similar to the previous quarter.

It was noted that, although parking income had increased by 6% compared to the same period the previous year, it had not achieved the 11% target in the budget; it was, however, considered that this target could be achieved by the end of the financial year.

RESOLVED to note the Revenue, Treasury and Capital Position as at 30th September 2016.