To consider and decide on the recommendations as set out in the associated report.
Decision:
RESOLVED –
REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 31 December 2021, and the forecast outturn position, highlighting significant variances from the revised annual budget.
Minutes:
Jane Fineman, Head of Finance, Procurement and Parking introduced the report set out in the agenda.
Discussion and questions from Members included the following:
- The finance team were congratulated on balancing the budget this year without having to use reserves.
- The economy in the town and across the Borough in general was starting to recover – the number of premises being occupied and the recent announcements related to the cinema site and the BHS store were very welcome.
RESOLVED –
REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 31 December 2021, and the forecast outturn position, highlighting significant variances from the revised annual budget.
Supporting documents: