Agenda item

Dearne Area Council Update on Financial Position (Dac.26.11.2018/5)

Minutes:

An overview of the financial position of the Area Council was given. From a starting balance of £208,476.98 in 2018/19, £210,579.76 had been spent.  However, this was offset by income from Fixed Penalty Notices, leading to an expected balance of £6,706.20, though it was noted that this could increase with the income from notice issued up to 31st March, 2019.

 

Members noted that £100,523 had also been allocated from the 2019/20 budget, not taking into account that approved for the Community Magazine.


With regards to the Dearne Development Fund £32,425.10 remained.

 

RESOLVED that the report be noted.

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