Issue - meetings

Third Quarter Budget Monitoring Report 2016/17

Meeting: 07/02/2017 - Strategic Planning, Sustainability and Transportation Committee (Item 149)

149 Report of the Director of Finance and Business Improvement - Third Quarter Budget Monitoring Report 2016/17 pdf icon PDF 76 KB

Additional documents:

Minutes:

The Chief Accountant presented the report on the Third Quarter Budget Monitoring 2016/17.

 

The Committee was informed that the full year forecast was expected to show a net underspend of £233,000.  This was mainly due to the reduction in agency staff and consultants being employed.

 

During the discussion the following points were noted:-

 

·  that the street naming and numbering budget had exceeded target and may be significant for future budget planning

·  that the car parking income indicated a strong demand for parking within the town centre

RESOLVED:  That 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, were noted.