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.