Financial Monitoring update (00.10.29)
To receive a verbal report from the Deputy Chief Executive (S151) presenting a financial update in respect of the income and expenditure so far in the year.
The Group NOTED a verbal report from the Group Manager for Finance presenting a financial update in respect of the income and expenditure so far in the year.
She explained that the June figures showed that the Council was looking at a £427k deficit on the overall budget and this had reduced to £378k in July.
For the Environment PDG budget the figures showed a £5k variance in favour in June and that had increased to £31k to the good for July. She explained that this was partly due to increases in the customer base in trade waste and mixed plastics being collected.