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Issue - meetings
The Use of Revenue Under Spend - Update
Meeting: 08/07/2014 - Strategic Leadership and Corporate Services Overview and Scrutiny Committee (Item 30)
30 The Use of Revenue Under Spend - Update PDF 33 KB
Interview with Paul Riley, Head of Finance and Resources
Additional documents:
- The Use of Revenue Under Spend - Update, item 30
PDF 66 KB View as HTML (30/2) 41 KB
- Appendix A - Report to LOC 2011 12, item 30
PDF 201 KB
- Appendix B - Report to LOC 2012 13, item 30
PDF 225 KB
- Appendix C - Update Table 2011 12, item 30
PDF 46 KB View as HTML (30/5) 10 KB
- Appendix D - Update Table 2012 13, item 30
PDF 47 KB View as HTML (30/6) 10 KB
Minutes:
The Committee considered a report by the Head of Finance and Resources on the progress of schemes that received funding from the revenue underspend in 2011/12 and 2012/13.
It was noted that:
- Of the £1.38 Million awarded for schemes, £973,000 had been spent, with £415,000 carried forward.
- The report did not provide additional information on those schemes that were due to commence in the current financial year.
- There had been progress across most schemes, and there was one scheme where a more suitable use of money arose and the reallocation of this was agreed.
In response to questions from Members the Head of Finance and Resources explained that the Constitution set out a process whereby ordinary budget underspend were carried forward by request for one year. If the money was not then used it could not be requested to carry forward into a second year. The same approach had been applied to the schemes under consideration.
RESOLVED:
(a) That the report be noted;
(b) That future reports to the Overview and Scrutiny Committee on the use of revenue underspend be grouped by subject matter; and
(c) That in view of the financial calendar an update be provided to the January meeting of the Committee.