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Issue - meetings

Fourth Quarter Budget Monitoring

Meeting: 25/06/2019 - Strategic Planning and Infrastructure Committee (Item 19)

19 Fourth Quarter Budget Monitoring pdf icon PDF 61 KB

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Minutes:

The Interim Head of Finance explained that an external audit was underway.  It was stated that until the audit had been completed, the figures in the report were provisional.  The Interim Head of Finance outlined that there was an overspend against the revenue budget of £54,000, while there had been a slippage of £161,000 in the capital budget.  The report also outlined projected costs associated with the completion of the forthcoming Local Plan Review.

 

In response to questions from the Committee, Officers replied that:

 

·  The current Local Plan had been adopted in 2017, and therefore the development cycle was at a mature stage.  This meant that the number of Major Planning Applications had slowed, which resulted in an adverse variance when compared to estimates.

 

·  The budget for “Development Control Majors” was to be shared with the Committee via email.

RESOLVED: That:

 

1.  The financial performance for 2018/19 be noted.

 

2.  The slippage within the capital programme in 2018/19 be noted.

 

3.  The projected costs for completing the Local Plan Review be noted.