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 and investments of the Council.

There were several questions from Members, including local government accounting practices, reinvestment of investment growth, the Councils overall financial holdings and the practice of the retention of existing budget lines into the following years budget.

The Committee was also invited to note information about a subscription to Breakthrough Communications, providing additional support with data governance and communications. Members agreed that the service offered good value for money and would strengthen the Council’s governance.

Finally, the Committee was informed that officers would be reviewing the budgets for the 2026-27 year and were asked to submit any capital or special revenue projects not previously raised at this time.

Resolved:

1.      That, the report be noted and,

2.      That, the management accounts of the Committee for the period 1 April to 30 June 2025 be approved and,

3.      That, a subscription to Breakthrough Communications Council Hive service for the sum of £1,200 in the new financial year be approved and,

4.      That, the investment statement for July 2025 be noted and,

5.      That, the subsidised lettings budget for 2026-27 be increased from £1,800 to £2,000 to help meet higher hall hire increases from previous years.