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:

 

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