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3rd Quarter Financial Update & Performance Monitoring Report
Meeting: 12/03/2024 - Housing, Health and Environment Policy Advisory Committee (Item 138)
138 3rd Quarter Financial Update & Performance Monitoring Report PDF 171 KB
Additional documents:
- Appendix 1 - Finance Update, item 138 PDF 264 KB View as HTML (138/2) 41 KB
- Appendix 2 - Performance Update, item 138 PDF 281 KB View as HTML (138/3) 91 KB
- Appendix 3 - UKSPF Update, item 138 PDF 149 KB View as HTML (138/4) 32 KB
Minutes:
The Cabinet Member for Environmental Services introduced the report and stated that:
· The Council was projecting a net overspend of £606,000 for the Committee’s services, and as an authority a net overspend of £239,000 for the 2023/24 financial year;
· The largest overspend in the Committee’s budget was £990,000 for providing homeless temporary accommodation and there was a slippage in the Capital programme of £14.6 million to 2024/25;
· There were two red key performance indicators: the number of affordable homes delivered, and the percentage of household waste sent for reuse, recycling and composting; and,
· The number of affordable homes delivered was outside of the Council’s control and the percentage of household waste sent for recycling was partially impacted by seasonal factors.
RESOLVED: That the following be noted:
1. The Revenue position as at the end of Quarter 3 for 2023/24, including the actions being taken or proposed to improve the position, where significant variances have been identified;
2. The Capital position at the end of Quarter 3 for 2023/24;
3. The Performance position as at Quarter 3 for 2023/24, including the actions being taken or proposed to improve the position, where significant issues have been identified; and
4. The UK Shared Prosperity Fund update, attached at Appendix 3 of the report.
Note: Councillor Hastie arrived during the consideration of the item at 6:38 p.m. and had no disclosures or disclosures of lobbying.