Agenda and minutes

Finance & Performance Scrutiny - Monday, 13 May 2024 6.30 pm

Venue: De Montfort Suite, Hinckley Hub. View directions

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

Note: See media below to watch meeting via Youtube 

Media

Items
No. Item

366.

Apologies and substitutions

Minutes:

Apologies for absence were submitted on behalf of Councillor Surtees and Councillor Glenville .

367.

Minutes of previous meeting pdf icon PDF 135 KB

To confirm the minutes of the meeting held on 18 March 2024.

Minutes:

It was moved by Councillor Weightman, seconded by Councillor Smith and

 

                        RESOLVED – the minutes of the meeting held on 18 March 2024

                        be confirmed as a correct record.

368.

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:

There were no interests declared at this meeting.

369.

Aged Debt Quarter 4 2023/24 pdf icon PDF 561 KB

To inform members of the position on sundry debts as at 31 March 2024.

Minutes:

Members were informed of the position on sundry debts as at 31 March 2024.

 

In response to a question from members about the housing repairs debt for over 90 days that had risen over the last 4 quarters, it was confirmed that this was part of the housing cycle of repairs that had seen more activity.

 

Members noted the report.

370.

Business rates and pooling update Quarter 3 2023/24 pdf icon PDF 406 KB

To inform members of business rates performance from 1 April 2023 – 31 December 2023

Minutes:

Members were updated on the business rates performance from 1 April 2023 to 31 December 2023.

 

Members noted the report.

371.

Treasury Management Quarter 4 2023/24 pdf icon PDF 408 KB

To inform members of the treasury management activity in the fourth quarter of 2022/23.

Minutes:

Members were updated on the treasury management activity in the fourth quarter of 20223/24.

 

In response to a question from members around the management of day-to-day cash flow it was confirmed that short-term borrowing had been put in place to cover the shortfalls.

 

In response to a further question from members it was confirmed that the £3,000,000 borrowed for capital expenditure was highlighted in the short term borrowing section of the report because it hadn’t been taken out for longer than a year.

 

Members noted the report.

372.

Finance & Performance Scrutiny Work Programme pdf icon PDF 145 KB

To provide members with an update of the current work programme

Minutes:

Members were updated on the future work programme.

 

Members noted the report.