Agenda item

The Committee received a joint report of the Corporate Director of Resources and Corporate Director of Regeneration Economy and Growth which provided details of the forecast outturn position for quarter 2 revenue and capital for Regeneration, Economy and Growth (REG) as at 30 September 2024 (for copy see file of minutes). 

Mrs Morris referred to the overspend in relation to Culture Leisure and Sport and asked whether there was any additional support/funding available to assist in reducing the level of overspend, and when the Committee would receive a further update on the overspend situation. The Finance Manager, Resources and Regeneration confirmed that plans were being put in place to mitigate the level of overspend. He advised that two leisure centre sites were now complete which would increase the levels of income achieved. He continued that the overspend could be looked at as a budget pressure and confirmed that the service was looking at measures to increase the levels of income.  He concluded by highlighting that update reports would be provided on a quarterly basis to the committee.

Resolved:

That the contents of the report be noted.