Agenda item

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.

Jane Fineman, Head of Finance and Procurement introduced this report which showed the actual expenditure on services compared to the revised budget for the period ended 30 June 2019, and the forecast outturn position, highlighting significant variances from the revised annual budget.

She confirmed the intention to continue to produce this report in a documentary format rather than as a verbal update as in the past. In response to member questions, Mrs Fineman further clarified matters relating to:

·         Pension Settlements originally taken from reserves;

·         Recruitment of 37 FTE’s currently down from plan;

·         The return to the General Fund of £1m from reserves;

·         Accounting of expenditure on Calverley Square within Capital Management; and

·         Impact in relation to risks and provisions for Brexit.

RESOLVED – That the recommendations to Cabinet set out in the report be supported.