Issue - meetings

To receive a verbal update from the Principal Accountant presenting a financial update in respect of the income and expenditure so far in the year.

The Group received, and NOTED, a verbal update from the Principal Accountant presenting a financial update in respect of the income and expenditure so far in the year.

The following was reported:

·         Current figures were showing a £20k improvement from the previous month which was having a positive effect upon the General Fund.

·         There had been a reduction in underspend in the Environmental Services area with S106 air quality funds being utilised.

·         There had also been an increased underspend in the Customer Services area with a salary reduction.

·         The favourable variance in the Housing Revenue Account (HRA) had increased from £58k to £213k due to some salary savings.