24 Financial Monitoring (00-09-45) PDF 280 KB
To receive a report from the Director of Finance, Assets & Resources presenting a financial update in respect of the income and expenditure so far in the year.
Additional documents:
Minutes:
The Group had before it and NOTED a * report of the Director of Finance, Assets and Resources presenting a financial update in respect of the income and expenditure so far in the year.
The Principal Accountant outlined the contents of the report stating that there was a projected deficit of £130k at year end.
He highlighted the significant service movements and identified the shortfall in leisure and car parking income; trade waste was also showing a reduction in income but that this was offset by reduction in disposal expenditure, however the garden waste scheme income was up on profiled income.
During the discussion it was necessary to pass the following resolution to exclude the press and public having reflected on Article 15, 15.02(d) (a presumption in favour of openness) of the Constitution. This decision was required because consideration of the matter in public may have disclosed information falling within one of the descriptions of exempt information in Schedule 12A to the Local Government Act 1972
RESOLVED that under Section 100A(4) of the Local Government Act 1972 the public be excluded on the grounds that it involves the likely disclosure of exempt information as defined in paragraph 3 respectively of Part 1 of Schedule 12A of the Act, namely information relating to the financial or business affairs of any particular person (including the authority holding that information)
Having discussed a number of business issues with regard to the leisure service, the meeting moved back into open session.
Note: *Report previously circulated, copy attached to minutes.