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Decision details

Financial Performance Report 2023/24 Quarter One

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Councillor Dan Levy, Executive Member for Finance, introduced and gave an overview of the report, which detailed the Council’s financial performance for Quarter One 2023-24 (April to June).

The Executive thanked the Interim Director of Finance, James Howse, for his ongoing guidance and comments.

Councillor Alaa Al-Yousuf asked for clarification on rental properties and what income would be forthcoming for the rest of the year, and how this affect deficits, and what would be done to address the problem.

The Executive advised that there were property rental voids that would be expected given the current financial climate. However, the Council owned properties were doing well as reflected in the numbers of shops rented by good quality tenants in Marriot’s Walk.

Councillor Dan Levy proposed that the Executive agree the recommendations as set in the report. This was seconded by Councillor Alaric Smith, was put to a vote, and unanimously agreed by the Executive.

The Executive Resolved to:

  1. Note the Council’s Financial Performance for Quarter One 2023/24 (April to June).

Report author: Elizabeth Griffiths

Publication date: 15/09/2023

Date of decision: 13/09/2023

Decided at meeting: 13/09/2023 - Executive

Effective from: 24/09/2023

Accompanying Documents: