Cabinet Member for Finance and Performance

Cabinet considered the report of the Chief Financial Officer and the above Cabinet Member.

The Cabinet Member for Finance and Performance introduced the report, which had already been noted by the Scrutiny Committee, and highlighted that although the projected net underspend of £386,620 was positive news, efficiencies were continually being sought in order that this trend may continue.  He drew attention to the higher than expected planning fees income.

The Deputy Cabinet Member for Planning added that whilst there had been many major planning applications recently, there may not be so many applications in the future.

Resolved:

(1) That the projected revenue underspend on services of £382,620 (including £672,000 additional income) be noted.

(2) That the capital expenditure of £1,000,380 to end of June 2017 be noted.

(3) That the projected capital overspend of £71,225 be noted.

(4) That the additional capital funding of £71,225 be approved.