Issue - meetings

To receive a verbal report from the Group Manager for Financial Services presenting a financial update in respect of the income and expenditure so far in the year.

The Group received a verbal update report from the Group Manager for Financial Services presenting a financial update in respect of the income and expenditure so far in the year. This included the following highlights:

·         At the last meeting it had been reported that the forecasted overspend for 2018/19 would be £168k, this had now reduced to £94k.

·         There had been some improvement in the Revenues and Benefits area with some extra grants proving to be a bonus.

·         Fees in relation to Planning had also improved during the last two months of December 2018.

·         There had been some underspend in Customer Services area due to salaries.

·         The Housing Revenue Account had previously shown a favourable variance of £25k, this had now improved to a favourable variance of £45k.

·         Overall this represented an improved position.