Issue - meetings

Consider report by Chief Financial Officer.  (Copy attached.)

There had been circulated copies of a report by the Chief Financial Officer providing details of the income and expenditure for the Peebles Common Good Fund for the six months to 30 September 2018 and full year projected out-turn for 2018/19 and projected balance sheet values as at 31 March 2019.  Appendix 1 to the report provided a projected Income and Expenditure position which currently showed a projected surplus of £24,636 for the year.   Appendix 2 to the report contained a projected Balance Sheet to 31 March 2019 and projected a decrease in the reserves of £12,805.  Appendix 3 to the report detailed the breakdown of the property portfolio showing projected rental income for 2018/19 and actual property expenditure to 30 September 2018.   Appendix 4 to the report showed the value of the Kames Capital Investment Fund to 30 September 2018.     The Chief Financial Officer outlined the main highlights in the report and in response to a question it was noted that the next revaluation of property was due in 2019/20.  The Chairman was pleased to note the performance of the Kames Capital Investment Fund.

          DECISION

AGREED:-

           (a)      the projected Income and Expenditure for 2018/19, as detailed in Appendix 1 to the report;

          (b)     to note the projected Balance Sheet value as at 31 March 2019, as detailed in Appendix 2 to the report;

          (c)     to note the summary of the property portfolio, as detailed in Appendix 3 to the report; and

(d)     to note the current position of the investment in the Kames Investment Fund, as detailed in  Appendix 4 to the report.