The Melrose Common Good Fund Sub Committee is scheduled to meet on Tuesday 16 June 2026. The meeting will consider the financial performance of the Melrose Common Good Fund for the year ending 31 March 2026 and review the proposed budget for the upcoming financial year.

Financial Performance and Budget

A key item on the agenda is the consideration of the Monitoring Report for the 12 months to 31 March 2026 and the Proposed Budget for 2026/27. This report, prepared by the Director of Finance, details the cash income and expenditure for the Melrose Common Good Fund. For the year ending 31 March 2026, the fund is reported to have a surplus of £8,206. The report also includes a draft budget for the financial year 2026/27 and forecasts for the subsequent two years.

The report highlights that the income received from the Aegon Asset Management Investment Fund for the year to 31 March 2026 was £834, representing a return of 5.34%, which outperformed the target of 5%. The value of this investment fund at 31 March 2026 was £15,602, showing an unrealised gain of £525. This marks an improvement from the previous year, when the fund experienced an unrealised loss of £664. The report notes that We continue to see volatility in investment markets generally due to the geopolitical landscape and rapidly changing conflicts which are impacting economic conditions. ¹

The committee will be asked to note the actual income and expenditure for 2025/26 and the forecast income and expenditure for the next three financial years. They will also be asked to agree the draft budget for 2026/27 and note the current position of the Aegon Asset Management Investment Fund. Additionally, the committee will note the final audited position of the Income and Expenditure and Balance Sheet for the year ended 31 March 2025.

Previous Minutes

The Sub Committee will also consider the Minute of the previous meeting, held on 17 June 2025. The minutes from that meeting show that the committee noted the actual income and expenditure for 2024/25 and the proposed budget for 2025/26, and also agreed to note the position of the Aegon Asset Management Investment Fund.

The Melrose Common Good Fund Sub Committee is comprised of Councillor Jenny Linehan (Chairman), Councillor David Parker, and Councillor John PatonDay. Enquiries regarding the meeting can be directed to Eilidh Page-Voase.