Issue - meetings

Annual Corporate Debt Monitoring Performance Report 2022/23

Meeting: 26/07/2023 - Finance and Corporate Overview Scrutiny Committee (Item 15)

15 Corporate Debt - 2022/23 pdf icon PDF 614 KB

Minutes:

The Section 151 Officer presented a summary of the Council’s corporate debt

position as at 31st March 2023.

 

Members were reminded that the main sources of income for the Council’s General Fund was business rates, council tax, a small number of government grants and other service-related income. For the Council’s Housing Revenue Account, the main source of income was dwelling rent. Table one in the report detailed the income received by the Council, broken down into income areas with a comparison to the equivalent quarter of the previous year.

 

Table two to the report detailed the level of arrears for Bolsover District Council at 31st March 2023. Arrears had increased in all areas from the previous year. The increase in cost of living and high inflation over the past year had impacted on individuals and businesses being able to pay. This was in addition to the after affects of Covid, and businesses were still recovering financially.

 

Table four showed a full summary and breakdown of figures for 2022/23.

 

Moved by Councillor David Bennett and seconded by Councillor Sally Renshaw

RESOLVED that the report be noted.