Agenda item

Report of the Chief Officer Resources. 

The Panel received a report from the Chief Officer Resources to provide members with an update on financial performance during the first three quarters of 2023/24 (April – December 2023). 

The Cabinet report had been provided for commenting and noting, no options had been provided.

Councillor Tim Hamilton-Cox, Cabinet Member with responsibility for Finance and Resources presented the report, both he and the Chief Finance Officer then answered questions from Members of the Panel. 

The main areas discussed, and questions raised by the Panel were in relation to one-off budget items, acquisition of commercial property including the former Reebok building/Gateway Building, Penny Street site, Hillmore Way, The Mellishaw Site, Council property surveys, Waste Collection being over budget, sickness absence and pay pressures, transport costs, Building Control, building maintenance backlog Burrow Beck project, the former Skerton School site and SALC costs.

Members of the Panel asked at some point for an update regarding the acquisitions of commercial property, in particular the on-going costs to the City Council and yields of commercial property that have been purchased by the City Council. 

The Chair, on behalf of the Panel, thanked Councillor Hamilton-Cox and the Chief Finance Officer for the Quarterly report and attendance throughout the Municipal Year. 

Resolved:-

That the report be noted.