The Director of Finance and Business Improvement made a presentation to the Committee relating to budgets within the Committee’s remit for the fourth quarter of 2016/17.

The Committee noted that:

·  There was an overall underspend for services within the Committee’s remit of £69,199.

·  There was an overspend of £169,757 for the Mote Park Café due to higher than budgeted staff costs, but this figure was less than had been projected previously.

·  The solar panels installed at Mote Park Leisure Centre were meant to provide a return to the Council, but as yet there had been no return as the mechanics of the calculation had not been established. A meeting had been arranged with SERCO to resolve this issue.

·  Cobtree Manor Golf Course had overspent by £36,917 for 2016/17 because the contract had ended with the operator. This meant that the Council had to pay the operator to run the Golf Course, rather than the operator paying the Council.

RESOLVED: That the financial position for services within the remit of the Committee at the end of the fourth quarter be noted.

Voting: Unanimous