Issue - meetings

To consider a report detailing the Council’s financial position for the period April to December 2013 (Quarter 3 – 2013/14).

(Report attached)

Officers presented what was a new-style Finance Monitoring Report which provided considerably more detail around departmental spending than had been the case previously.

The Leader commented that Members were taking a greater role in actively monitoring their relevant budgets of late and this was increasingly being evidenced.

Staff were thanked for achieving the savings to date which had resulted in a projected outturn for 2013/14 in line with the budget for the current year.

It was noted that there was still a small amount of ongoing expenditure in respect of Hewell Road Pool Works. Officers reported that they had raised this with the Housing Strategy Team and a position statement was expected within the current week. This position statement would be forwarded on to all Executive Committee members.

RESOLVED that

1)        the current financial position on Revenue and Capital, as detailed in the report, be noted; and

2)        identified savings be used to offset the savings requirement that has not been fully identified, where available in discussion with Heads of Service.