2024-25 Financial Statement
Perth and Kinross Council · 25 November 2024
Back to Auchterarder Common Good Fund Committee — 25 November 2024 and its agenda
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Auchterarder Common Good Fund Committee 25 November 2024 2024/25 FINANCIAL STATEMENT Report by Strategic Lead – Finance and Business Support (Report No. 24/329) 1. PURPOSE OF REPORT 1.1 This report provides an update on the Income and Expenditure to 30 September 2024 and the projected outturn for Financial Year 2024/25 for the Auchterarder Common Good Fund. 2. RECOMMENDATIONS 2.1 The Committee is requested to: (i) Note the projected Income and Expenditure to the 30 September 2024 for the Auchterarder Common Good Fund, and the projected outturn to 31 March 2025, as set out in Appendix 1 to the report. 3. BACKGROUND / MAIN ISSUES 3.1 The Committee approved the 2024/25 Budget for the Fund at the meeting on 29 April 2024 (Report 24/140 refers). 3.2 This report provides an update on the projected outturn for Financial Year 2024/25. 3.3 Appendix 1 also provides the monitoring position for Financial Year 2024/25 as at 30 September 2024. 4. PROPOSALS Financial Statement 2023/24 4.1 Report 24/140 considered by the Committee on 29 April 2024 included an anticipated Fund balance at 31 March 2024 of £298,212. Following the year- end allocation of interest on the Fixed Term deposit and the Fund’s Revenue balance, the surplus increased by an additional £3,769. The final Fund balance at 31 March 2024 is, therefore, £301,981.
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Financial Statement 2024/25 4.2 As detailed in Appendix 1, there is a projected surplus of £6,300 for the Fund for Financial Year 2024/25, and the estimated Fund balance at 31 March 2025 is £308,281. The projected surplus for 2024/25 of £6,300 is unchanged from the previously reported position. 4.3 There is one application for financial assistance to be considered at this meeting, and it is assumed that the level of funding approved by the Committee will be contained within the Financial Assistance budget. Author(s) Name Designation Contact Details Fiona Lambie Accountant CHXFinance@pkc.gov.uk Approved Name Designation Date Scott Walker Chief Finance Officer 6 November 2024
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ANNEX 1. IMPLICATIONS, ASSESSMENTS, CONSULTATION AND COMMUNICATION Strategic Implications Yes / None Community Plan / Single Outcome Agreement None Corporate Plan Yes Resource Implications Financial Yes Workforce None Asset Management (land, property, IST) None Assessments Equality Impact Assessment Yes Strategic Environmental Assessment Yes Sustainability (community, economic, environmental) Yes Legal and Governance None Risk None Consultation Internal Yes External None Communication Communications Plan None 1. Strategic Implications Corporate Plan 1.1 The Council’s Corporate Plan 2022 – 2027 lays out seven outcome focussed strategic objectives which provide clear strategic direction, inform decisions at a corporate and service level and shape resources allocation. They are as follows: ( ) Tackling poverty (i) Tackling climate change and supporting sustainable places (ii) Growing a sustainable and inclusive local economy (iii) Enabling our children and young people to achieve their full potential (iv) Protecting and caring for our most vulnerable people (v) Supporting and promoting physical and mental wellbeing (vi) Placing communities at the heart of how we work 1.1 This report relates to all objectives. 2. Resource Implications Financial 2.1 There are no direct financial implications arising from this report other than those reported within the body of the main report.
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3. Assessments Equality Impact Assessment 3.1 Under the Equality Act 2010, the Council is required to eliminate discrimination, advance equality of opportunity, and foster good relations between equality groups. Carrying out Equality Impact Assessments for plans and policies allows the Council to demonstrate that it is meeting these duties. 3.2 The information contained within this report has been considered under the Corporate Equalities Impact Assessment process (EqIA) and has been assessed as not relevant for the purposes of EqIA. Strategic Environmental Assessment 3.3 The Environmental Assessment (Scotland) Act 2005 places a duty on the Council to identify and assess the environmental consequences of its proposals. 3.4 The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report. Sustainability 3.5 Under the provisions of the Local Government in Scotland Act 2003 the Council has to discharge its duties in a way which contributes to the achievement of sustainable development. In terms of the Climate Change Act, the Council has a general duty to demonstrate its commitment to sustainability and the community, environmental and economic impacts of its actions. 3.6. The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report. 4. Consultation Internal 4.1 No consultation has been necessary in the preparation of this report. 2. BACKGROUND PAPERS 5.1 No background papers, as defined by Section 50D of the Local Government (Scotland) Act 1973 (other than any containing confidential or exempt information) were relied on to any material extent in preparing the above report.
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3. APPENDICES • Appendix 1 - Auchterarder Common Good Fund Financial Statement for period to 30 September 2024 for Financial Year 2024/25.