Issue - meetings

Councillor Charles Gerrish, Cabinet Member for Finance and Efficiency introduced the report. He explained that he was bringing this report as requested by the Panel at their last meeting. He explained that the latest information showed that the accounts are already moving in the right direction as compared to the same period last year.

Panel members asked the following questions and made the following points:

In response to a question from Councillor Becker regarding pensions, the Cabinet Member explained that the pension liabilities had been taken back in house.

In response to a question from Councillor Furse, the Cabinet Member explained that the Directors are accountable to the Shareholders (he referred Panel members to the report on Governance that they received at their meeting on 6^th November 2018).

Councillor Furse asked about the increase in assets shown in the papers. The Cabinet Member explained that this referred to the improvements to the property.

Councillor O Brien asked about the creditor’s debt (page 43). The officer explained that he would report back with more information on this but thought this was related to an office move.