Agenda item

Report of Chief Finance Officer

Ola Owolabi, Deputy Chief Finance Officer, presented the report. During the discussion the following points were highlighted:

·       The Council’s cash-flow was fluid throughout the year and was reflected as part of the finance and budget reports, and governance framework required by the Authority. The separate monitoring and forecasting of cash-flow would require the production of a document at particular points throughout the year and additional resources. The Committee agreed that it was not necessary to request this.

·       Councillor Smart proposed that the Council should prepare a cash-flow forecast, which could be reported against at various stages during the year. After the discussion, the proposal was seconded (by Councillor De Cara) and put to a vote. The proposal was rejected by a majority.

RESOLVED to note the report.