The
Committee considered the report of the Director of Finance and
Business Improvement updating the risk assessment of the Budget
Strategy.
It was
noted that:
·
The performance so far this year was broadly in line
with budget, although there would be a potential overspend in both
temporary accommodation and planning appeals. At this stage in the
financial year there was still scope for covering these overspends
by reducing expenditure elsewhere.
·
The position of Local Government funding after
2019/20 remained unclear, but it was encouraging to see that pilot
schemes for 100% business rates retention were proceeding.
In
response to a question from the Committee, it was explained that
Officers would continue to monitor any changes central government
made to lifting the public sector pay cap.
RESOLVED:
That the updated risk assessment of the Budget
Strategy, at Appendix A, be noted.