Issue - meetings

To consider the report of the Chief Finance Officer.

The Chief Finance Officer presented the report which advised Members of the material differences, by management unit, between the 2018/19 approved budget and the current outturn forecast in respect of Corporate Services Scrutiny Committee. He explained that as a local authority there was a statutory duty to set and monitor budgets throughout the year and take necessary actions where required on potential overspending or potential shortfalls in income.

The estimated variation from the budget showed that net expenditure for the Corporate Services Scrutiny Committee would be reduced from the revised budget by £50,000 after transfers to and from reserves which would include the supplementary budgets of £587,590 already agreed by Council. He confirmed that there were no issues on overspending.

The Corporate Services Scrutiny Committee noted the report and were assured that satisfactory actions were being undertaken by Officers to address the key areas of budgetary pressure, as highlighted in the report.