Agenda item

Financial Monitoring Report - Spend to 31/08/13 and Projected Outturn to 31/03/14

Joint Report of Corporate Director of Neighbourhood Services and the

Corporate Director of Resources / Treasurer to the Joint Committee.

Minutes:

The Head of Finance - Financial Services referred Members to Financial Monitoring Report, as set out in the usual format, for the period to 31 August 2013 and with projected outturn to 31 March 2014 (for copy see file of minutes).

 

The Joint Committee noted that the income and expenditure were broadly in line with the budget and variances were such that projections were for an additional surplus of £41,454 to be included in the major capital works reserves as previously agreed by Members.  Members noted a projected Reserve of approximately £1.25 million at the year-end, giving a strong financial position.

 

Councillors asked questions as regards any surplus that would be made from the retirement of the Superintendent and Registrar. 

 

 

The Head of Finance - Financial Services noted that any savings would be reflected in the 2014/15 budget and that the bungalow at the Crematorium site was part of Durham County Council’s Housing Revenue Account (HRA) and did not form part of the Joint Committee’s budget. 

 

Resolved:

 

That the April to August 2013 Revenue Spend Financial Monitoring Report and associated Provision Outturn position at 31 March 2014 be noted.

 

Supporting documents: