Agenda item

Financial Monitoring Report - Provisional Outturn as at 31 March 2013

Joint Report of the Treasurer to the Joint Committee / Corporate Director of Resources and the Corporate Director of Neighbourhood Services.

Minutes:

The Head of Finance – Financial Services referred Members to Financial Monitoring Report, as set out in the usual format, for the period to 1 April 2012 to 31 March 2013 (for copy see file of minutes).

 

The Joint Committee noted that the provisional outturn position showed a surplus income, due primarily to an increased number of cremations in comparison to the prudent budget as agreed.  It was highlighted that the additional £139,406 surplus would be transferred to the Earmarked Reserves as previous agreed by the Joint Committee.  Members noted the explanation of the variances as set out within the report and the strong position of the Joint Committee’s finances.

 

Councillor G Holland asked if the Crematorium was approaching capacity in relation to the number of cremations being carried out.  The Superintendent and Registrar explained that the Crematorium always had a good amount of bookings; however, while there was physical capacity to operate further as noted in planning for pandemic operations, the length of each service may then not meet families’ expectations.  Members noted the popularity of the Crematorium, citing the low cost of cremations at Durham and the excellent reputation that had been built up over many years. 

 

Resolved:

 

That the April 2012 to March 2013 Revenue Spend Financial Monitoring Report and associated Provision Outturn position at 31 March 2013 be noted.

Supporting documents: