I cant make this evenings meeting so I have attached some parts of my monthly report for the PC and also the latest position on the cycle path which I hope to have more information on soon.
We are still clearing the year end adjustments here at NCC so I thought that I would send you the latest outlook for distribution to those interested. I have included a series of tables but as you would expect there is a mountain of information behind it if anybody is interested. See below for some notes fyi.
Also I have met with DDC commercial – Simon Bowers – and the money for the cycle path is definitely in this financial years budget at circa £1m. and he tells me that they (DDC) are very close to settling the outstanding land issues with the Oxford college. I am meeting him again before your next PC meeting and expect to hear more – hopefully, the negotiations with Oxford being complete – we shall see.
Table 1 Shows the current year end view with an underspend for the FY of £1.767m. – note brackets are good in this chart !!
Table 2 Shows the usage of the £70m. of capital receipts authorised by central government.
Table 5 Stabilisation plan results
Table 6 Reserves at the year-end – will be adjusted marginally when all year-end adjustments are finalised.
Table 7 Shows the overspend in 2017/18 of >£40m. which triggered the installation of two commissioners.
Table 8 Shows the revised write off policy.
Table 9 Shows the new actual aged debt provision. Note this is a provision in 2018/19 with any write offs in the following year – should show +ve in that year.
If anybody has any questions please let me know and I will try to answer them.