Issue - meetings

The Executive Director of Finance and Corporate Resources presented the Finance Monitoring Quarter 2 report which set out the Council’s financial position in the period June to September 2017/18.  The report highlighted a shortfall of £124,000 which Officers were working hard to address. In addition, the Council’s auditors had suggested that the authority needed to revise the allocation of charges to the capital programme which had an impact on the corporate financing budget.  Officers advised that there had been significant developments in respect of the budget since September 2017 as managers were addressing the impact of any shortfalls

As part of the Council’s work to achieve savings senior officers were undertaking a line-by-line analysis of the budget during quarter three of the financial year.  The outcomes of this work would be reported for Members’ consideration in the quarter 3 report in March 2018.

The inclusion of vacant posts within the Council’s budget was briefly discussed.  Officers advised that there would always be some vacant posts due to the departure of staff over time.  However, senior officers were working hard to ensure that these posts did not remain vacant for long.

RESOLVED that

1)        the Executive Committee note the current financial positions for the quarter April – September 2017 as detailed in the report; and

RECOMMENDED that

2)        thevirement of £104k from Customer Access and Financial Services Public Capital Building project to Environmental Services Capital Crematorium project. This is due to part of the public buildings contract now being includedas part of the bigger crematorium project to minimise disruption.