Issue - meetings

To consider the report of the Chief Finance Officer.

The Chief Finance Officer presented the quarterly report advising Members of the differences of the revised budget in respect of the Corporate Services Scrutiny Committee. Members were reminded that they should consider remedial action in respect of any potential income overspend or shortfall.

The current forecast showed that following the revised budget, the net expenditure for the Corporate Services Scrutiny Committee would decrease by £46,150, representing a variation of 0.58% including the supplementary budgets that had been agreed previously. He discussed the significant variations for corporate property estates, unapportionable overheads and strategic management.

In response to Members’ questions, the Chief Finance Officer and City Surveyor responded:-

·         Underspend may relate to unfilled vacancies, however the Chief Finance Officer would confirm with HR and respond back to the Member; and

·         The anticipated net income in respect of Paris Street properties related to the bus station area, which was set out in the budget at the start of the financial year based on the projected closing date but has been subject to change during the year.

Corporate Services Scrutiny Committee noted the report.