Agenda item

Dearne Area Council Financial Update (Dac.15.03.2021/8)

Minutes:

The Area Council Manager made Members aware that the Area Council had an opening balance for 2020/21 of £214,720.67.  Following funding the Education, Environment and Volunteer Service; Housing and Migration Officer; Social Connectivity Service; Employability Service; and distributing funds to the Dearne Development Fund, £163.67 remained for allocation.  However, it was noted that income from NESTA had been received and therefore taking this into account £9,663.67 remained.

 

The opening balance for 2021/22 was therefore £209,663.67.  £145,000 had already been committed, resulting in £64,663.67 remaining for allocation.

 

With regards to the Dearne Development Fund, £28,000 had been allocated from the Area Council, £10,000 had been received from the hardship fund and there had been £3,650.68 to carry forward.  Following the distribution of funds to CAB, Thurnscoe Community Plaza, DIAL and Highgate Outdoor Improvement £11,427.68 remained within the fund.

 

RESOLVED that the report be noted.

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