Green, Director of Finance and Business Improvement presented a
report which set out the financial position for the Committee at
the end of Quarter 3 2018/19 against the revenue and capital
Committee noted that:-
·Although there had been an
underspend against the revenue budget of £151,000, it
was expected to reduce to an underspend of £19,000 by the end
of the financial year.
·There had been income shortfalls on the Adventure
Zone and Lockmeadow Market but this had
been offset by increased income from the Crematorium and savings
arising from staff vacancies.
·The additional income from the Leisure Centre was
being set aside for the review of leisure provision.
·The Crematorium car park project had overspent and a
final analysis of that budget was due to be reported to the
Committee’s March meeting.
response to questions from Members, Mr Green advised that he would
be reporting back in June on the final outturn and it would be at
that time the Committee would have an opportunity to put forward
proposals to utilise any underspend.
1.The revenue position at the end of the third quarter
and the actions being taken or proposed to improve the position,
where significant variances had been identified, be noted.
2.The capital position at the end of the third quarter