Issue - meetings

Third Quarter Budget Monitoring Report

Meeting: 06/03/2018 - Heritage, Culture and Leisure Committee (Item 123)

123 Third Quarter Budget Monitoring Report pdf icon PDF 69 KB

Additional documents:

Minutes:

Miss Ellie Dunnet, the Head of Finance, presented the Third Quarter Budget Monitoring Report to the Committee.

 

It was highlighted to the Committee that as of 31 December 2017, this Committee was showing an overall positive variance of £183,035 and the year-end position would decrease to an under spend of £48,000.

 

In response to questions from the Committee Ms Hudd, the Head of Regeneration and Economic Development replied that:

 

·  The issue with the solar panels at the Leisure Centre, which did not appear to be working properly, was being dealt with by the Property Services team and there was an ongoing programme of works to address the problem.

 

·  There had been a national decline in the performance of markets. The Lockmeadow Tuesday Market had suffered and therefore the income target would be adjusted in the 2018/19 budget setting process.

 

RESOLVED:

 

1.  That the revenue position at the end of the third quarter and the actions being taken or proposed to improve the position where significant variances have been identified be noted.

 

2.  That the capital position at the end of the third quarter is noted.