Agenda item

November 2018 Financial Report

Minutes:

Jonathan Gratte, Strategic Finance Manager, introduced the high level financial position at 30 November 2018.

 

The year to date position at the end of November 2018 is set out in the second set of results with the Q2 Forecast, prepared in September, as the prime comparator. Jonathan Gratte gave a verbal update on the December 2018 position, and the Q3 forecast, stating that the IDeA is still in a net income position. The Q3 report is currently being finalised, but he is expecting a lower draw down on Reserves than the original budget of £966k which is positive progress. The LGA is in the process of budgeting for 2019/20.

 

Decision:

 

The Board noted the year to date financial position as at 30 November 2018.

 

Supporting documents: