Issue - meetings

The Interim Head of Finance and the Head of Policy, Communication and Governance presented the report on first quarter performance and budget monitoring.  The Head of Finance set out that the Council forecast came in on budget and outlined the Committee variances in the report.  The main items to note were an income shortfall at the adventure zone that meant that Economic, Regeneration and Leisure Committee budgets had overspent by £54k, and that the main area of budget pressure was in Strategic Planning and Infrastructure Committee which had an overspend of £108k, predicted to be £459k by year end.  This was due to underperformance on major planning application income and pay and display income.

The Capital programme expenditure was set out in the report and had started slowly but was expected to pick up over the course of the year.

The Head of Policy, Communication and Governance set out the performance element of the report.  No indicators were ‘red’ so there were no exceptions to report to the committee and all indicators had been provided.

In response to questions it was noted that underspends were not always positive and by presenting finances and performance together it was hoped that linkages between underspends and impacts on performance (if any) would be highlighted.

RESOLVED:  That

1.  The revenue position at the end of the Quarter 1 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 Quarter 1 be noted; and

3.  The Summary of Performance for Quarter 1 for Key Performance Indicators is noted.