Miss
Ellie Dunnet, the Head of Finance, presented the Third Quarter
Budget Monitoring Report to the Committee.
It was
highlighted to the Committee that as of 31 December 2017, this
Committee was showing an overall positive variance of
£183,035 and the year-end position would decrease to an under
spend of £48,000.
In
response to questions from the Committee Ms Hudd, the Head of
Regeneration and Economic Development replied that:
·
The issue with the solar panels at the Leisure
Centre, which did not appear to be working properly, was being
dealt with by the Property Services team and there was an ongoing
programme of works to address the problem.
·
There had been a national decline in the performance
of markets. The Lockmeadow Tuesday Market had suffered and
therefore the income target would be adjusted in the 2018/19 budget
setting process.
RESOLVED:
1.
That the revenue position at the end of the third
quarter and the actions being taken or proposed to improve the
position where significant variances have been identified be
noted.
2.
That the capital position at the end of the third
quarter is noted.