Agenda item

To receive and consider the report of the Responsible Financial Officer (R.F.O).

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 thanked the RFO for such a comprehensive report and were pleased to see the detailed information in respect of the new energy contract and were reassured to hear that energy forecasts were significantly within budget.

The Committee heard that investment returns were also meeting budget projections however members asked that research into the potential use of more ethical investments continues. It was understood by Members who were also Councillors at West Oxfordshire District Council that performance returns were comparable to those that were being received on its  current investments.

Resolved:

1.      That, the report be noted and,

2.      That, the RFO continues to investigate and evaluate ethical investments.