Agenda and minutes

Finance & Performance Scrutiny - Monday, 25 July 2022 6.30 pm

Venue: De Montfort Suite, Hinckley Hub. View directions

Contact: Rebecca Valentine-Wilkinson, Democratic Services Officer, tel 01455 255834 

Items
No. Item

74.

Apologies and substitutions

Minutes:

Apologies for absence were submitted on behalf of Councillors Collett, Sheppard-Bools, and Webber-Jones.

75.

Minutes of previous meeting pdf icon PDF 135 KB

To confirm the minutes of the meeting held on 6 June 2022.

Minutes:

It was moved by Councillor P Williams, seconded by Councillor Morrell and

 

RESOLVED – the minutes of the meeting held on 6 June be confirmed and signed by the Chairman.

76.

Declarations of interest

To receive verbally from members any disclosures which they are required to make in accordance with the Council’s code of conduct or in pursuance of Section 106 of the Local Government Finance Act 1992. This is in addition to the need for such disclosure to be also given when the relevant matter is reached on the agenda.

Minutes:

Councillor Cope declared a personal interest for item 6 on the agenda.

77.

Performance of HBBC's Commercial Estate pdf icon PDF 656 KB

To provide members with an overview of the council’s commercial estate.

Minutes:

Members were provided with an overview of the council’s commercial estate and an update on how the estate was performing following the pandemic under current market conditions. Members were also provided with an overview of the property types, the occupancy levels, an update on the income, lease terms and costs associated with maintaining the portfolio.

 

A member asked for an update on the Atkins building as it hadn’t been included in this report.  It was agreed that an update report on the Atkins building would be presented to this Scrutiny Committee at its September meeting of this year.

 

After a range of questions from members it was confirmed that there is currently 7 vacancies out of 82 units and that in the global scale Hinckley was doing well with retail in the town centre.

 

The Chair thanked the team for a comprehensive report.

 

Members noted the report.

78.

Business rates and pooling update Quarter 4 - 2021/22 pdf icon PDF 402 KB

To inform members of the business rates performance from 1 April 2021 to 31 March 2022.

Minutes:

Members were provided with an update on the performance of the business rates from 1 April 2021 to 31 March 2022.

 

Members noted the report.

79.

Financial Outturn 2021/22 pdf icon PDF 484 KB

To inform members of the draft financial outturn for 2021/22.

Additional documents:

Minutes:

Members were updated on the draft financial outturn for 2021/22.

 

A member queried that although the outturn was quite satisfactory what were the current pressures likely to be.  It was confirmed that payroll would be a financial pressure the for the current financial year along with fuel and utilities with the variances on spend.

 

Members noted the report and recommended that Council approve items a to h in 2.1 of the report.

80.

Treasury Management Quarter 1 2022/23 pdf icon PDF 406 KB

To inform members of the Council’s treasury management activity in the first quarter of 2022/23.

Minutes:

Members were informed of the treasury management activity in the first quarter of 2022/23.

 

Members noted the report.

81.

Sundry Debts Quarter 1 2022-23 pdf icon PDF 559 KB

To inform members of the position on sundry debts as at 30 June 2022.

Minutes:

Members were informed of the position on sundry debts as at 30 June 2022.

 

Members noted the current aged debt position for sundry debts and that a report would follow at the next meeting on the action being taken on recovery of the estates debt.

 

Members noted the report.

82.

Finance & Performance Scrutiny Work Programme pdf icon PDF 150 KB

To inform members of the Finance & Performance Scrutiny work programme for 2022/23.

Minutes:

Members were updated on the Finance & Performance scrutiny work programme for 2022/23 and requested that an update report on the Atkins building be added to the work programme for the 12 September 2022 meeting.

 

Members noted the report.