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 2025/26.

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 were provided with the Council’s management accounts, a statement of earmarked reserves, investment statements to June, investment activity for the previous fiscal year and the external bar stocktake reports for March and June quarters.

The Chair welcomed the report and financial detail which was supplemented by a summary prepared by the R.F.O at the meeting. Finances were looking healthy as were investment returns which were received along with notification of changes to the investment manager of the Churches, Charities, and Local Authorities (CCLA) funds which the RFO advised was a positive move.

A vote was necessary on the approval of the report recommendations with the result being for each.

For                        Seven

Against                 Nil

Abstention          One

Resolved:

1.      That, the report be noted and,

2.      That, the management accounts of the Committee’s services to 31 March 2025 be approved and,

3.      That, the statement of Council reserves as at 31 March 2025 be approved and,

4.      That, the report on investments to the period to 30 June 2025 be approved and,

5.      That, the report on investment activity during 2024-25 be approved and,

6.      That, the external bar stocktake report for the quarters to 31 March and 30 June 2025 be noted.