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The Committee welcomed the report, whilst
noting that its format was to be finessed over time.  A member training session had been arranged during
November 2024, at which the arrangements for reporting to the
Committee would be a topic for discussion.
 
There was mention of the current market
volatility.  The Council proactively
pursued resultant arrears, with only those deemed irrecoverable
being proposed for write off.  A
benchmarking exercise, measuring Runnymede’s vacancy rate
position against similar organisations, would be undertaken and
reported at a future meeting.
 
The Committee noted the challenges the Council
faced regarding KPI 006 (capital values) because of the present
value of the investment assets purchased between 2014 and 2020,
compared to their purchase price.  It
was also noted that KPI 011 (average return on investments) looked
at the present value of the asset versus income and not the
purchase price, and that this would be changed to better reflect
the actual return for the Council and Runnymede’s
Residents.
 
The positive impact of the recent
strengthening of the Council’s assets and regeneration
function was highlighted.
 
The report was noted.