Issue - meetings

3rd Quarter Budget Monitoring 2018/19

Meeting: 05/02/2019 - Strategic Planning, Sustainability and Transportation Committee (Item 164)

164 3rd Quarter Budget Monitoring 2018/19 pdf icon PDF 58 KB

Additional documents:

Minutes:

Ms Ellie Dunnet, Head of Finance, informed the Committee that the report highlighted areas of concern and the actions taken in response to budget variances.  Ms Dunnet stated that, with regards to revenue, there was an adverse variance of £234,000.  This was projected to worsen by the end of the financial year.  Key areas of consideration included Planning Services and Parking Services.  Capital spending had predominantly consisted of grounds maintenance charges for landscaping works to the Bridges Gyratory.  There was a remaining budget for flood prevention measures to the Bridges Gyratory, which was to be carried forward into the 2019/20 financial year.

 

RESOLVED: That:

 

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 have been identified, be noted.

 

2.  The capital position at the end of the third quarter is noted.