Financial Planning Working Party
February Update
Purpose | Team | Status Update |
---|---|---|
Develop a firm financial management plan that will protect council in the event of any future scrutiny and/or audit investigation of CIL S106 related spend |
Ian – Barry, Karen, Derek |
- 11/6/19 Report on management of CIL/S106 monies made to Council FRMC meeting - 9/7/19 Working Party met to agree brief and current situation and allocate areas for action - 23/7/19 Working party met to discuss action progress and update situation analysis - 15/10/19 Report made regarding funding situation to Council Strategic Plan Working Party meeting - 13/11/19 Councillors Denis and I Clarke attended VAT training provided by NALC at Aston Hall Sheffield - 13/12/19 Scheduled woodland conservation work within the Millenium Woods brought forward to Feb 2020 to ensure the current SANGS fund is deployed before the contract deadline Feb 19 CIL/S106 deductions from FY19/20 accounts agreed by council -
Summary: Received and forecast funds along with terms for use have been agreed with Newark & Sherwood District Council. All spend prior to FY 19/20 has been validated.
Next Steps: Incorporate Village Centre spend made in FY19/20 into analysis, establish clear traceability in budgeting system for correct management of all CIL/S106 funds |