Issue - meetings
Finance Report Quarter 1
Meeting: 13/09/2023 - Executive (Item 83)
83 Financial Performance Report 2023/24 Quarter One 
PDF 257 KB
Purpose:
To detail the Council’s financial performance for Quarter One 2023-2024 (April to June).
Recommendation:
That the Executive resolves to:
1. Note the Council’s Financial Performance for Quarter One 2023-2024 (April to June).
Additional documents:
- Item 9 Annex A - Financial Performance Report Quarter One 2023-2024, item 83
PDF 594 KB
- Item 9 Annex B - Financial Performance Report Quarter One 2023-2024, item 83
PDF 371 KB
Minutes:
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:
- Note the Council’s Financial Performance for Quarter One 2023/24 (April to June).