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.