Issue - meetings

 The purpose of the report is to inform the Cabinet Member and Opposition Spokespersons of:

·         The forecast revenue expenditure for the year compared with the cash limited budget.

·         The forecast capital expenditure against the revised capital programme for the Resources portfolio.

RECOMMENDED that the content of the report be noted.

(TAKE IN REPORT)

Sue Page, Finance Manager, introduced the report and apologised that the dates in paragraph 4 on the original report were incorrect and should have referred to 2015/16.  The correct report had been uploaded on to the website.

She explained that paragraph 5 Revenue Expenditure draws attention to particular areas set out in Appendix A and  paragraph 7 Capital Programme draws attention to particular areas set out in Appendix B.

During discussion the following matters were clarified

·         With regard to the forecast overspend in HR, Legal and Performance in item 2, Appendix A,  Ms Page said that sometimes the figures showed a worse position than was actually the case owing to timing issues.  She confirmed that this was being closely monitored and that the figures in the next quarterly report are expected to show a lower forecast overspend. 

·         With regard to item 22, Appendix A, Ms Page said that the target had not been met as the savings had not yet been realised.  .The next quarterly report was expected to show that this had changed.

The Cabinet Member for Resources thanked everyone for their reports and for attending the meeting.

The meeting ended at 10.50am.