Decision details
ODSL Dividend 2023/24
Decision Maker: Leader - Partnership Working
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The decision is required in order for ODS to pay OCC £1.9m dividend income.
Decision:
Declaration of a dividend of £1.9m for the financial year 2023/24 from ODSL. Decision not exempt.
Reasons for the decision:
Release of some distributable reserves from ODSL to meet the Council’s MTFP assumptions.
Alternative options considered:
If a decision is made not to declare a dividend then the £1.9m will be retained in ODSL.
Publication date: 02/01/2025
Date of decision: 02/01/2025
Effective from: 07/01/2025
Accompanying Documents:
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