Agenda item

The Committee considered the report of the Regeneration and Local Services Management Team which set out details of the outturn budget position as at Quarter 2 for 2017/18 and highlighted variances against revenue and capital budgets for Neighbourhood Services. The Finance Manager, Resources – Regeneration and Local Services, Phillip Curran gave a presentation (for copies, see file of minutes).

Councillor Howell sought clarification on the revenue outturn position and if the Quarter 2 figure of £101.246 million was forecast or actual income. The Finance Manager confirmed that is was actual income.

Councillor Howell then sought clarification on Business Support in the revenue 2017/18 table that had a variance of £86 million under. The Finance Manager responded that this figure should be nil due to recharges but would be adjusted by the year end.

Councillor Howell then sought clarification on the additional surpluses within Technical Services budgeting to make a surplus on trading activities of £0.9 million. The Finance Manager advised that that if it generates more money than anticipated it would be a surplus which has moved to highway services which had an overspend. He also sought clarification on whether the reported capital spend is actual cash spend or also contains approved commitments and whether the Finance Manager was confident that monies would be spent by the year-end.

Resolved:

That the report be noted.