The report added: “As a result of the forecast deficit and the implications for cashflow, WLL has formally requested a re-profiling of the management fee for 2020/21 by £801,000 to £3.363 million.
WLL have requested a one year re-profiling of the repayments of the assistance the council provided for voluntary severance, so that these are paid from 2022/22 to 2028/29, and a one year re-profiling of the debt repayments so that these are repaid from 2021/22 to 2041/42.”The report added that members of the WLL board were confident that with council help and government funding they could mitigate the threat to the Xcite centres caused by prolonged lockdown.At a “virtual” meeting the Executive agreed the re-profiling of the finding to West.
Read more on dailyrecord.co.uk
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