Agenda item

Regeneration and Local Services Quarter Three Revenue and Capital Outturn 2017/18

a)    Joint Report of the Corporate Director of Resources and the Corporate Director of Regeneration and Local Services

b)    Presentation by Finance Manager – Regeneration and Local Services

Minutes:

The Committee considered the Joint Report of the Corporate Director of Resources and the Corporate Director of Regeneration and Local Services which set out details of the outturn budget position as at Quarter 3 for 2017/18 and highlighted major variances against revenue and capital budgets for the former Neighbourhood Services. The Finance Manager, Resources – Regeneration and Local Services, Phillip Curran gave a presentation (for copies, see file of minutes).

 

Councillor Sexton referred to the Gala Theatre overspend and asked for a breakdown of the figures.

 

The Officer responded that the overspend, was largely due to fallen sales but also events, however the service were keeping an eye on the Gala especially as two new cinemas were being built in the City and would impact in 2018/2019 and options would need to be considered.

 

The Chairman indicated that similar questions were raised at an earlier meeting and asked the officer what strategies were in place.

 

The Officer that there is a strategy looking to improve the situation over a year to eighteen months and that a private sector partner was found to change the programme but this had fallen through when they heard about the new cinemas. The Finance Manager continued that the situation was still evolving and would obtain details of the strategies and update members at the next meeting.

 

The Chairman suggested this could be something that the Committee looked at as part of the work programme.

 

Mr Kinch sought clarification on the figures for the Culture and Sport forecast overspend. The Officer responded that the figures were correct and the figures included in the report were a highlight of variances as all variances of the service could not be listed.

 

Mr Kinch asked if he could be provided with the full details of the variances.

 

The Chair advised that the officers gave an overview of the figures it was not an error but is how the information is presented.

 

Resolved: That the report be noted.

Supporting documents: