Financial Information

Financial

Councils are required to become more self-sufficient with the aim of generating finance to offset the reduction in government funding.

Capital programmes have become orientated towards generating longer-term revenue returns to Epping Forest District Council. The primary purpose of setting up the new Council owned companies is to supplement changes to income whilst at the same time supporting the Council's objectives of job creation, economic growth, improved housing and public amenities. Qualis will be monitored and scrutinised by the Council and quarterly Finance and Performance reports will be presented to the Council.  In addition, the detailed business plan for the Qualis Group is agreed by the Council and performance is monitored against this plan.