Issue - meetings

Annual Financial Statement

Meeting: 17/10/2019 - Joint Waste Disposal Board (Item 16)

16 Annual Financial Statement

To update the Board on the Annual Financial Statement.

Minutes:

The Board considered a report summarising the current financial position of the joint waste PFI including:

 

           The 2018/19 accounts and detailed the emerging position in the current year.

 

           The first draft of the budget for 2020/21

 

It also briefed the Board on the reuse of water-based paints received at the Recycling Centres, preparations for the UK exit from the European Union and work with DEFRA regarding the Resources and Waste Strategy.

 

The Board was advised that:

 

·                  The contract saving for 2018/19 had been achieved in full.

 

·                  There had been a net underspend of £356k against the sum of the respective re3 council budgets.

 

·                  The three councils had benefitted from higher energy from waste capacity for their residual waste, increasing diversion from landfill, an increase in recyclate income and lower overall tonnages than expected.

 

·                  Recyclate income had risen to £377k in 2018/19, an increase of £149k from the previous year, arising from an increase in mixed dry recycling, including a full year of collecting pots, tubs and trays.

 

·                  The impact of Brexit was uncertain but re3 was in a good position to respond to whatever may happen.

 

·                  A second draft of the 2020/21 budget would be prepared in November.

 

·                  As part of the budget setting process for  2020/21, estimated savings of £25k from additional use of energy from waste in 2020/21 from recycling was to be directed to a recycling initiative in 2021/22, as agreed with Defra.

 

The Board discussed existing arrangements for the disposal of paint which was being undertaken by the Green Machine social enterprise.  It had become clear that the existing arrangement, despite its original merits as a social enterprise, was neither cost-effective, nor being completed effectively.  It was therefore agreed by the Board that the existing arrangement could no longer be supported.

 

RESOLVED that a reuse scheme for suitable water-based paint should be continued, if at all possible, via alternative means and on a non-profit basis.


Meeting: 10/10/2019 - Joint Waste Disposal Board (Item 7.)

7. Annual Financial Statement

To update the Board on the Annual Financial Statement.


 

Contact Information

Democratic services

Email: committee@bracknell-forest.gov.uk