Issue - meetings
Distribution of surplus
Meeting: 26/09/2025 - West Mercia Energy Joint Committee (Item 25)
25 Distribution of surplus 
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Report of Treasurer
Contact: James Walton
Decision:
That the retention of accumulated surplus of £1.703 million be approved.
That the distribution of accumulated surplus of £2.182 million, in accordance with the provisions of the Joint Agreement be approved.
Minutes:
The Treasurer presented the report which recommended the level of distribution of surplus held on 31 March 2025 to the Member Authorities and explained that the distribution formula gives each owning authority a share based on their direct business, with remaining profits split equally.
Members expressed appreciation for the surplus distribution, noting it was a significant and well-received benefit.
RESOLVED:
1. That the retention of accumulated surplus of £1.703 million be approved.
2. That the distribution of accumulated surplus of £2.182 million, in accordance with the provisions of the Joint Agreement be approved.