To receive a presentation on the outcomes of the Fees and Charges project undertaken by the Finance Team.

The Head of Corporate Finance introduced a presentation that outlined the work undertaken by the Fees and Charges project team and the outcomes established.  The new income codes would be used from April 2018 and would reduce the number of unnecessary virements and journals.  The Finance Analyst advised the new volume data would identify individual fees and charges and the team would have a clear understanding of income and be able to set a clear justification for fees and charges as well as transparent financial reporting.

The Committee commended the work of the Project Team and were assured that they would receive clear and transparent income data to ensure future fees and charges recommendations ae based on a sound basis.

NOTED the update.