Issue - meetings

Quarter 1 Financial Monitoring 24/25

Meeting: 03/09/2024 - South West Wales Corporate Joint Committee - Overview and Scrutiny Sub-Committee (Item 6)

6 Quarter 1 Financial Monitoring 24/25 pdf icon PDF 411 KB

Decision:

The report was noted.

Minutes:

Members considered the Quarter 1 Financial Monitoring Report 24/25 as circulated within the agenda pack.

 

Officers went through the report. Members attention was drawn to appendix A. This report details the quarter 1 financial monitoring and projected year end position for 24/25. Officers iterated the projected surplus position and reserves position outlined within the report at the financial year end.

 

Members were advised that there would be a workshop held in the Autumn, where the future priorities for the CJC would be discussed. Members queried if there would be consideration of a reduction in the levy for the forthcoming year given the level of reserves. Officers advised that this could be considered at the workshop.

 

Members queried who was going to be part of the workshop. Officers anticipate that it will be made up of officers and members of the relevant groups. Officers advised that they would be happy to attend a future meeting of the scrutiny committee to gage the views of members and pass them to the workshop.

 

Following scrutiny, the report was noted.