Issue - meetings

Strata Budget Monitoring Out-turn Report 2016/17

Meeting: 26/09/2017 - Strata Joint Executive Committee (Item 33)

33 Strata Budget Monitoring Quarter 1 - 2016/17 pdf icon PDF 55 KB

To consider the report of the Director Responsible for Finance.

 

Additional documents:

Decision:

Agreed

 

 

that the report be noted.

Reason for Decision:

 

As set out in the report.

 

Minutes:

The Director responsible for Finance reported that Strata had been given a total of £6,104,000 to run the IT Services in 2017/18 along with funding for various capital projects. The 2017/18 Business Plan had revised the savings profile set out in the original Business Cases over the initial ten year period of the Company.

 

The Director responsible for Finance clarified the position with regards to the projected savings and that part of the increase was due to additional income from Government funding. In order to monitor the financial position there would be regular meetings with the Strata IT Director and the finance team and quarterly updates to the Board.

 

Strata Joint Scrutiny Committee considered the report at its meeting on 6 September 2017 and its comments were reported.

 

RESOLVED that the report be noted.

 


Meeting: 06/09/2017 - Strata Joint Scrutiny Committee (Item 47)

47 Strata Budget Monitoring Quarter 1 - 2016/17 pdf icon PDF 55 KB

To consider the report of the Director Responsible for Finance.

 

Additional documents:

Minutes:

The Director responsible for Finance reported that Strata had been given a total of £6,104,000 to run the IT Services in 2017/18 along with funding for various capital projects. The 2017/18 Business Plan had revised the savings profile set out in the original Business Cases over the initial ten year period of the Company.

 

The Strata budget was on track to deliver around £255,000 of revenue savings for the Councils in 2017/18. Strata had asked for £210,000 for specific service improvements but this had not yet been approved by the three Councils. At the three month stage the Board was projecting a savings of £255,520 against the total original target of £252,836.

 

The report set out variations in the capital budget.

 

The Board was satisfied that the refund provided to the three owners during May 2017 was appropriate, subject to final approval at Teignbridge of the company being allowed to keep the additional £210,000.

 

Strata Joint Scrutiny Committee noted and supported the report.