Issue - meetings

Budget Monitoring

Meeting: 30/03/2016 - Strata Joint Executive Committee (Item 5)

5 Strata Budget Monitoring Quarter 3 2015/16 pdf icon PDF 89 KB

To consider the report of the Director (Finance Lead).

 

Additional documents:

Decision:

Agreed

 

 

That the report be noted.

 

 

Reason for Decision:

 

As set out in the report

 

Minutes:

The report of the Director (Finance Lead) was submitted updating Members of the financial progress of Strata during the first nine months of 2015-16, including a project outturn assessment against the savings set out in the Business Plan

 

Members were advised that at the nine month stage, the Board was projecting a saving of £201,488 against the target of £262,098. The reduction was partly attributable to replacement infrastructure for Teignbridge and additional staffing costs than planned. Total Council’s contribution towards the capital budget was £150,000 per annum.

 

Strata Joint Scrutiny Committee considered the report at its meeting on 17 March 2016 and its comments were reported.

 

RESOLVED that the report be noted.

 


Meeting: 17/03/2016 - Strata Joint Scrutiny Committee (Item 8)

8 Strata Budget Monitoring Quarter 3 2015/16 pdf icon PDF 89 KB

To consider the report of the Director (Finance Lead)

 

Additional documents:

Minutes:

The report of the Director with responsibility for Finance was submitted advising Members on the financial progress of Strata during the first nine months of 2015/16, including a project outturn assessment against the savings set out in the Business Plan. 

 

At the six month stage, the Board was projecting a saving of £201,488 against the target of £262,098. The reduction was partly attributable to replacement infrastructure for Teignbridge but would also be partly offset by a reduction in employee costs. Each Council’s contribution towards the capital budget was £150,000 per annum. Responding to a Member, he advised that, where the three Councils sought to obtain additional equipment such as tablets, Iphones, software systems and even software upgrade, the purchasing and up-front payment was undertaken by Strata and the Councils invoiced. Exeter Members were provided with Ipads whereas East Devon Members owned their own equipment.

 

Members were advised that the Government had required a commitment to spend the Transformation Challenge Award grant of £975,000 and that this had been substantially committed. A total of £745,840 had been carried forward into this financial year, of which £408,268 had been spent. It was anticipated that the remainder would be used in this financial year and be sufficient to meet the anticipated expenditure.

 

Strata Joint Scrutiny Committee noted the report.