Decision details

Council Finances as at the 30th June 2017

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Executive received a report detailing the Council’s financial position at 30 June 2017.

 

Members considered the revenue position for the first quarter of 2017/18 and were advised that there were no areas of concern at present. In that quarter £840k had been spent on capital projects, the largest element of which had been £512k on the purchase of a property in Doman road and a final payment of £279k as final settlement on the Mall. The remainder had been spent on renovation grants and smaller projects.

 

The Executive noted that sundry debts amounted to £1,146,000, although £292,000 related to car park season tickets and help line fees being paid by instalments; £481,000 related to invoices raised at the end of June for rent and recycling.

 

RESOLVED to note the Revenue, Treasury and Capital Position as at 30 June 2017.

 

 

Report author: Kelvin Menon

Publication date: 19/09/2017

Date of decision: 05/09/2017

Decided at meeting: 05/09/2017 - Executive

Accompanying Documents: