Annual Finance Statement
To receive an update on the finances of the re3 project.
Minutes:
The Board received the Annual Finance Statement for the joint waste PFI. The report concluded the management of finances for the 2011/12 financial year, detailed the emerging position for the 2012/13 financial year and presented a first draft of the budget for the 2013/14 financial year.
The Board noted the financial information pertaining to the Green Machine project. It was agreed that publicity would be key to ensuring the success of the community interest company and it was suggested that the Green Machine be invited to the Board’s December meeting to discuss the matter in more detail.
The Board noted the content of the Annual Finance Statement and congratulated officers on the sound financial management of the PFI during the year.