Agenda item

The Committee considered a report and presentation by the Finance Manager – Neighbourhood Services which set out details of the final outturn as at Quarter 4 for 2014/15 and highlighted variances against revenue and capital budgets for Neighbourhood Services (for copy of report and slides of presentation, see file of minutes).

The Finance Manager – Neighbourhood Services in delivering his presentation indicated that there was an under spend of £2.984m and gave Members reasons for the under spend. He also advised Members that the capital outturn had an underspend of £5.141m and gave Members the reasons for the underspend.

The Committee also considered a report and presentation by the Finance Manager – Neighbourhood Services which set out details of the forecast outturn at Quarter 1 for 2015/16 and highlighted variances against revenue and capital budgets for Neighbourhood Services (for copy of report and slides of presentation, see file of minutes).

The Finance Manager – Neighbourhood Services in delivering his presentation indicated that Neighbourhood Services had an under spend of £0.576m and gave Members the reasons for the under spend. He also advised Members that the Capital Programme had been revised to £48.504m due to additional funding sources been identified and it was anticipated that the full budget would be spent in 2015/16.

Councillor May referred to the mild winter last year and if savings had been made in the winter maintenance budget. The Finance Manager responded that in 2014/15 there had been an underspend of £700,000 and they currently had a reserve of £1.5m which was available in the event of severe weather.

Resolved: (i) That the final 2014/15 outturn position on Revenue and Capital be noted.

(ii)  That the Quarter 1 forecast outturn position on Revenue and Capital for 2015/16 be noted.