To consider a verbal report from the Group Manager for Finance presenting the financial monitoring information for the income and expenditure to date.
The Group had before it and NOTED the *Financial Monitoring report presented by the Principal Accountant giving an overview of the income and expenditure to November 2019 and explained.
He explained that the variance had moved £148k and was now £243k in November.
He gave the Group an overview of the main areas of movement between the October and November monitoring reports and consideration was given to:
· Revenues and Benefits – Housing Benefit overpayments recovery
· Planning – Income was less than forecast in this demand lead services
· NNDR – Business Rates were lower than forecast following successful appeals.
Note: *Financial Monitoring report previously circulated and attached to the minutes