Issue - meetings

To consider a verbal report from the Principal Accountant presenting the financial monitoring information for the income and expenditure to date

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.

He explained that the largest variance was in Planning (mainly related to a forecast under recovery in budgeted Planning Fee income to the end of the year) and that as this was a demand led service it was experiencing a reduced level of revenue. He explained that the service was dependant on the size, scale and numbers of planning applications received.

In response to questions he explained that the figures quoted for the Planning service was the amount of revenue collected to date from planning applications and associated services and forecast income to the end of the year.