Agenda item
Dearne Area Council Financial Update (Dac.24.05.2021/5)
Minutes:
The Area Council Manager reminded Members of the £200,000 allocation at the beginning of the financial year. This, together with £9,667.67 of underspend from 2020/21, led to an opening balance of £209,667.67 for the 2021/22 financial year.
Members noted that four commissions had already been agreed at a cost of £145,000. Therefore £64,663.67 remained for allocation.
An overview of the Dearne Development Fund was provided, which had an opening balance of £41,650.68 in 2020/21 and had approved five projects leaving £27.68. However, when additional underspend allocated to the fund and the approval of a further application was taken into account, the Fund had £5,378.41 remaining.
RESOLVED that the report be noted.
Supporting documents: