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.