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Issue - meetings

First Quarter Budget Monitoring

Meeting: 20/09/2017 - Policy and Resources Committee (Item 66)

66 First Quarter Budget Monitoring 2017/18 pdf icon PDF 129 KB

Additional documents:

Minutes:

The Director of Finance and Business Improvement presented the First Quarter Budget Monitoring Report 2017/18 to the Committee.

 

The Committee noted overspends in the following areas:

 

·  Planning Appeals – due to the likely costs of upcoming appeals that the Council must defend.

·  Temporary Accommodation – due to Council owned Temporary Accommodation taking longer to come on stream than originally planned.

·  Street Cleansing – overspends due to staff sickness and associated agency staffing costs to cover sickness.

·  Treasury Management – due to investment performance being lower than expected.

 

As well as overspends, the Council had also performed better than expected in some areas. An example of this was that income due to investments in commercial property had provided a greater return than originally expected.

 

The Committee had concerns about two particular areas and requested that the relevant Committees paid attention to these areas – Cost of Planning Appeals and slippage in Essential Works to Mote Park and other Parks.

 

In response to a question, the Director of Finance and Business Improvement clarified that the Business Rates write offs in the report were for failed businesses where all routes of recovery had been exhausted.

 

RESOLVED: That

 

1)  In view of the financial constraints for this council, SPST and Planning Committee are requested to pay particular attention to how they can manage planning appeal costs.

 

Voting:  For – 8  Against – 5  Abstentions - 1

 

2)  The Heritage Culture and Leisure Committee pay close attention to the Capital Slippage for Parks and Open Spaces in relation to Mote Park and Other Parks.

 

Voting: Unanimous

 

3)  That the revenue position at the end of the first quarter and the actions being taken or proposed to improve the position where significant variances have been identified, as set out in table 1, paragraph 2.8 are noted.

4)  That the proposed slippage in the capital programme of £5,295,397 into 2018/19 as detailed in paragraph 2.11 is approved.

 

Voting:  For – 13  Against – 0  Abstentions – 1

 

5)  That the performance of the collection fund and the estimated level of balances at the year-end is noted.

6)  That the write-off of unpaid business rates as set out in Appendix III is approved;

 

Voting:  For – 13  Against – 0  Abstentions – 1

7)  That the performance in relation to the treasury management strategy for the first quarter of 2017/18 is noted.

 

Note: Cllr Fermor was not present for the vote for resolution 2.

 


 

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