The Executive Committee of Scottish Borders Council convened on 11 June 2024 to discuss several key financial matters, including the unaudited revenue outturn for 2023-24, the capital finance plan, and corporate debt write-offs. Decisions were made regarding the approval of financial reports and the write-off of certain debts.

Unaudited Revenue Outturn 2023-24

The committee reviewed the unaudited revenue outturn for 2023-24, which detailed the council's financial performance over the past year. The report highlighted a surplus, which was attributed to higher-than-expected income from council tax and business rates. However, some members expressed concerns about the sustainability of these income levels. The committee approved the report, noting the need for cautious optimism in future financial planning.

Capital Finance Plan 2023-24

The capital finance plan for 2023-24 was also discussed. This plan outlines the council's investment in infrastructure and other capital projects. The committee noted that while some projects were completed under budget, others faced delays and cost overruns. The importance of robust project management was emphasised to ensure future projects remain on track. The committee approved the unaudited outturn, acknowledging the need for continuous improvement in capital project execution.

Corporate Debt Write-Offs

The committee considered the write-off of corporate debts for the financial year 2023-24. The report recommended writing off debts deemed uncollectable, including some long-standing arrears from businesses that had ceased trading. Councillors debated the balance between pursuing debts and recognising when further efforts would be futile. Ultimately, the committee approved the write-offs, with a commitment to improving debt collection processes in the future.

Performance Information for 2023-24

The annual performance report for 2023-24 was presented, summarising the council's achievements and areas for improvement. Key performance indicators showed progress in several areas, including waste management and social care. However, challenges remained in housing and education. The committee acknowledged the hard work of council staff and stressed the importance of addressing the highlighted issues in the coming year.

Projected Balances as at 31 March 2024

The committee reviewed the projected balances as of 31 March 2024. The report provided an overview of the council's financial reserves and projected future balances. Councillors discussed the need to maintain healthy reserves to manage unforeseen expenses and future investments. The committee approved the report, emphasising prudent financial management.