Issue - meetings

(i)        to note the following:-

(a) General Fund and HRA financial performance as detailed in Appendix 1;

(b)     Common Good financial performance as detailed in Appendix 3;

(c)     General Fund forecast revenue position as detailed in Appendix 2;

(d)     HRA forecast revenue position as detailed in Appendix 2;

(e)     General Fund updated five-year capital position as detailed in Appendix 2;

(f)      HRA forecast capital position as detailed in Appendix 2;

(g)     Common Good forecast revenue position as detailed in Appendix 1; and

(h)    Group Entities forecast revenue position as detailed in Appendix 4;

(ii)        to agree the following, further details of which are provided in Appendix 2 of the report:-

General Fund Revenue

(a)     Instruct the Chief Officer - Finance to work with the organisation, using their influence as appropriate, to ensure the budget position agreed by the Council is adhered to; and

(iii)      that officers circulate to members of the Committee, a comparison of the Short Term Debtors balance in June 2018 to that in the previous year.

The Committee had before it a report by the Director of Resources which provided the financial position of the Council, as at Quarter 1 (April – June 2018) and the full year forecast position for the financial year 2018/19, including (1) General Fund and Housing Revenue Account (HRA) revenue and capital accounts and the associated Balance Sheet; and (2) Common Good Revenue Account and Balance Sheet.

The report recommended:-

that the Committee –

(a)       note the following:-

(i)      General Fund and HRA financial performance as detailed in Appendix 1;

(ii)     Common Good financial performance as detailed in Appendix 3;

(iii)    General Fund forecast revenue position as detailed in Appendix 2;

(iv)    HRA forecast revenue position as detailed in Appendix 2;

(v)     General Fund updated five-year capital position as detailed in Appendix 2;

(vi)    HRA forecast capital position as detailed in Appendix 2;

(vii)   Common Good forecast revenue position as detailed in Appendix 1; and

(viii)  Group Entities forecast revenue position as detailed in Appendix 4; and

(b)       agree the following, further details of which are provided in Appendix 2 of the report:-

General Fund Revenue

(i)      Instruct the Chief Officer - Finance to work with the organisation, using their influence as appropriate, to ensure the budget position agreed by the Council is adhered to.

The Committee resolved:-

(i)        to approve the recommendations; and   

(ii)       that officers circulate to members of the Committee, a comparison of the Short Term Debtors balance in June 2018 to that in the previous year.

-           COUNCILLOR DOUGLAS LUMSDEN, Convener.