Agenda item

Financial Update (Dac.05.12.2022/9)

Minutes:

Members received the report, noting its content.

 

It was reiterated to Members that the annual Dearne Area Council budget was £200,000. With this information in mind, Members discussed the need to balance underspend so the funds could be utilised at end of current contracts, some of which were forecast to end in 2024.

 

The Chair of the Area Council suggested to ringfence funds for working with young people, as previously discussed. It was suggested these monies could be accounted for through the Dearne Development Fund.  

 

RESOLVED that Members noted the current financial position and the impact on future budgets.

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