Issue - meetings

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

There had been circulated copies of a report by the Chief Financial Officer onthe income and expenditure for the nine months to 31 December 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, showing a projected deficit of £1,751 which was £5,400 more than the full year approved budget. Appendix 2 to the report provided a projected balance sheet as at 31 March 2019 and showed a projected decrease in the reserves of £13,244. The breakdown of the property portfolio showing the actual rental income for 2018/19 and actual property expenditure to 31 December 2018 was shown in Appendix 3. Appendix 4 provided details of the value of the Kames Capital Investment Fund to 31 December 2018.  Ms Halliday advised that return on the Kames Capital Investment Fund was improving.  Members noted the current financial position.

DECISION

(a)     AGREED the projected income and expenditure for 2018/19 in Appendix 1 to the report as the revised budget for 2018/19.

(b)     NOTED:-

(i)      the projected balance sheet value as at 31 March 2019 shown in Appendix 2 to the report;

(ii)     the summary of the property portfolio as shown in Appendix 3 to the report; and

(iii)    the current position of the investment in the Kames Capital Investment Fund as shown in Appendix 4 to the report.