William Cornall, Director of Regeneration and Place, updated the
Committee on the Council’s 2017/18 budget underspend. Mr
Cornall explained that Service Committees were being consulted on
as to whether they had any one-off projects that would assist the
Council in achieving its Strategic Objectives that could be
submitted to Policy and Resources Committee to consider funding
from the underspend.
Committee debated the report and concluded that the most prudent
decision would be to add the underspend
to reserves to give greater financial certainty for the 2018-19
budget. However it was requested that a list of scoped and costed
projects be produced, including a project covering e-learning for
Planning Committee members, in case similar future funding
opportunities became available.
the underspend is added to revenue
reserves to provide additional resources for the Council, to be
called on as necessary in the future.