Issue - meetings

To consider the report of the Chief Finance Officer.

The Chief Finance Officer presented the quarterly report which advised Members of material differences, by management unit, between the 2018/19 approved budget and the current outturn forecast in respect of Corporate Services Scrutiny Committee. He advised that local authorities had a statutory duty to set and monitor budgets during the year and to action potential overspends or income losses.

The Chief Finance Officer highlighted that following the formation of the Procurement team, the significant variances were now stable and would be reflected accordingly in next year’s report.

The Corporate Services Scrutiny Committee noted the content of the report and were satisfied that actions were being taken to address the key areas of budgetary pressure highlighted in this report.