Cabinet Member for Finance and Performance                         

Cabinet considered the report of the Chief Financial Officer and the above Cabinet Member which showed the revenue and capital outturn activity for 2017/18 as at the end of December 2017.

The Cabinet Member introduced the report and explained that the total forecast revenue underspend was £781,000.  He reported that there was a range of significant cost pressures, and this reinforced the importance of having reserve funds.

In response to a question from a Member about the amount of underspend on Members’ Grants, the Cabinet Member explained that the report was dated as of the end of December 2017 and since then the figure had decreased significantly.  Further grant applications were being processed, so the figure was likely to drop further, and the final underspend was not as large as was noted in the report.

A Member referred to the refuse collection/street cleansing/public conveniences contract savings.  He explained that the roof of the toilets in the Faversham Car Park was very dirty, along with missing seat, paper and lock.  The Member did not consider this was worthwhile making a saving for.  He also requested that the funding for Faversham Creek Basin Regeneration Project and Stonebridge Pond Bridge, Faversham be rolled over to the following year, as neither would be spent this year.

The Cabinet Member for Environment and Rural Affairs stated that he would look into the situation at the public conveniences and report back to the Member and to the Cabinet Member for Finance and Performance.

The Cabinet Member for Regeneration agreed to look further into the request for the funding rollover for the two projects in Faversham.

A Member requested that the underspend for the Remembrance and Commemoration budget be rolled over.

Resolved:

(1)      That the projected revenue underspend on services of £781,000 (including £1,197,000 additional income (Table 1 refers) be noted.

(2)      That the capital expenditure of £8,619,200 to end of December 2017 (Paragraph 3.15 and Appendix II refers) be noted.