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Grass-cutting on council properties | Due to wet conditions of the grass, we may not be able to cut all of the grass areas of our council properties at this current time; this includes our parks, open spaces and play areas. Our team are surveying the sites and as soon as the areas are dry enough, our team will be grass-cutting as usual. Sorry for any inconvenience caused. 

Issue

Issue - meetings

Coalville Special Expenses Finance Update

 

 

Meeting: 30/06/2020 - Coalville Special Expenses Working Party (Item 8)

8 Coalville Special Expenses Finance Update pdf icon PDF 312 KB

Report of the Head of Community Services

Additional documents:

Minutes:

Paul Sanders, Head of Community Services presented the report.

 

The Working Party was advised that, at the time of writing the report, the revenue outturn and asset protection fund for 2019/20 was still being finalised. The provisional outturn will be reported to Cabinet on 23 July 2020 and an update will be provided at the next meeting of the Working Party in October.

 

It was noted that the 2019/20 outturn had not yet been finalised and therefore the opening balance of the reserve was likely to change.

 

Members were advised that, due to the pandemic, there would be a reduction in planned expenditure of £81k due to the suspension of the grounds maintenance services received (£52k) and the cancellation of a number of events (£28k). As the special expenses account is ring-fenced, the reduction in planned expenditure will be transferred into reserves. This has meant that that there will now be a contribution to reserves of £66k, compared to a budgeted deficit of £15k that was to be funded through reserves.

 

There is a planned maintenance programme in place for 2020/21. The approved budget is £46k, of which £24k is funded through the asset protection fund, £12k from reserves and £10k from external contributions. There has been no planned maintenance undertaken during the year yet and therefore nil expenditure.

 

By affirmation of the meeting it was

      

RESOLVED THAT:

 

The 2020/21 Period 1 actuals and forecast outturn for the year, be noted.

 

 

Before the close of the meeting, Councillor Geary reported that during the lockdown period, the Owen Street Pavilion had been refurbished from top to bottom at the Football Club’s expense which was welcome news. He also asked whether there would be any further meetings of the Events Sub Group before the end of the year. It was acknowledged that a date had been agreed for a meeting on 16 September at 5pm. The membership of this had been agreed at an earlier meeting. Councillor Geary asked if he could attend and was advised he would be welcome.