Agenda item

To receive and consider the report of the R.F.O concerning the financial position of items under the remit of this Committee in 2026/27.

The Committee received and considered the report of the Responsible Financial Officer (RFO) detailing income and expenditure for budgets which were the responsibility of the committee.

Members noted the Council’s current financial position and welcomed the additional information provided on operational income and expenditure. The Committee also reviewed the performance of the Council’s investments and noted the positive returns being achieved.

The bar stock reports were received and noted by the Committee.  A Member congratulated the Bar Manager and her staff on the efficient running of the Council’s bars, as evidenced by the reports.

The Committee considered the potential project and growth items for the 2027/28 budget appended to the RFO’s report. The Project Officer advised that there was insufficient space within the existing skate park to safely accommodate an additional rail. A Member highlighted that the S1A bus service now served Range Road and requested that provision be made in the budget to replace the two old and damaged bus shelters.

Resolved:

1.       That, the report be noted and,

2.       That, the report and the management accounts of the Policy, Governance and Finance Committee for the period 1st April to 31st July 2026 be approved and,

3.       That, the investment statement for August 2026 be noted and,

4.       That, the bar stocktake report for the period to 8th July 2026 be noted and,

5.       That, the updates relating to business risk assessments and procurement policy & procedures be noted and,

6.       That, the 2027-28 budget request for funding towards a Skate Park Rail be removed as there was no room for it and,

7.       That, a budget be added for replacement bus shelters (two) at Range Road.