The Leader’s Portfolio
To consider report FIN/479 of the Head of Corporate Finance.
The Cabinet considered report FIN/479 of the Head of Corporate Finance, which summarised the Council’s actual revenue and capital spending for the first quarter to June 2019, and discussed the deviations from the budget. These deviations were identified in the staffing budget, where inaccurate assumptions concerning staff vacancies led to overspending, and in planning, where a reduction in expected applications was seen in light of an uncertain economic climate. It was noted that three major planning applications will be considered in the next quarter, and that as such, a turnaround in the budget is expected. Members identified that these matters will continue to be monitored in the future.
That the Cabinet notes the projected outturn for the year 2019/2020 as summarised in report FIN/479.
Reasons for the Recommendation
To report to Members on the projected outturn for the year compared to the approved budget.