Financial Monitoring
To receive a verbal update from the Group Manager for Financial Services presenting a financial update in respect of the income and expenditure so far in the year.
Minutes:
The Group received a verbal update from the Group Manager for Finance presenting a financial update in respect of the income and expenditure so far in the year.
It was reported that in December 2018 the predicted unfavourable variance on the budget had been £65k this had now reduced to £45k representing a slightly improved position.
There was still a predicted overspend in the area of car parking and in property services, however some areas were showing a positive variance, for example, interest on investments.