Agenda item

This report provides a summary of the Quarter 1 (Q1) for the financial year 2022/23 as at 30 June 2022.

The Committee noted the Q1 position for the 2021/22 revenue budget as at 30 June 2022.

It was proposed by Councillor Bateson, seconded by Councillor Beardsmore and resolved that the duration of the meeting be extended in accordance with Standing Order 38.2.

There was clarification made in relation to the Benwell 1 and Benwell 2 projects, where the loans had been recorded the wrong way round.

The adjusted presentation of the report was explained to the Committee.  There was pressure on the sinking funds for some assets, but this was generally in line with previous projections.  There were negligible bad debts for Knowle Green Estates and Spelthorne Direct Services.

The Committee noted the Q1 position for the 2021/22 revenue budget as at 30 June 2022.