Issue - meetings

The Treasurer to the Committee and the Bereavement Services Manager submitted a report on the final accounts of the Joint Committee for the year ended 31March, 2016, including revenue account and balance sheet.

The report noted that at year end there had been a surplus of £262,853 and outlined the areas where there had been variances from the approved budget.

In addition, the report contained a table detailing the schemes that required carry forward requests to 2016/17.

Information was given on six useable reserves shown in the balance sheet:

·        Revenue Reserve

·        Mercury Abatement Reserve

·        Equipment Reserve

·        Organ Reserve

·        Cremator Repairs Reserve

·        Capital Improvement Reserve

Taking into account the redistribution of £200k to the constituent authorities, the current balance remained well above the minimum requirement. As agreed previously, the balance of the Revenue Reserve that was over and above the minimum working balance of £250k would be re-distributed to the constituent authorities. The redistribution would take place at the end of the 2016/17 financial year.

The Committee thanked the Head of Finance for all the work that he had done for the Committee.

RESOLVED –

1)   That the report be noted and the Statement of Accounts be approved.

2)   That the carry forward requests be approved.

3)   That Members acknowledge the extension of the heating improvement scheme to the garage and that the funding of additional expenditure from the unallocated balance in the Capital Improvement Restructure be approved.