Decision Taken By: CABINET MEMBER FOR Finance, Innovation and Property
Decision Minutes
The report provided information on the Council's key budget areas of salaries, major income streams, investment income and the trading position of the Leisure Services Business Unit. It also gave an update on the variations agreed in relation to the revenue budget, summarised to provide an indicative overall outturn position for 2012/13 which showed a net favourable variance of £360,100.
In addition, details were given of variations identified through revenue budget monitoring in respect of 2013/14 together with an update on capital expenditure and variations agreed in relation to the capital plan.
Following consideration by the Finance, Innovation and Property Advisory Board, the Cabinet Member for Finance, Innovation and Property resolved that:
1) the temporary one year reduction in the contract sum paid by the Clubhouse Catering Services Contractor at Poult Wood Golf Centre be approved for the reasons set out at paragraph 1.8.4 of the report; and
2) the contents of the report be noted and endorsed.
Reasons: As set out in the report submitted to the Finance, Innovation and Property Advisory Board of 22 May 2013 (contains exempt information).
Signed M Coffin (Cabinet Member for Finance, Innovation and Property)
Signed Leader: N Heslop
Signed Chief Executive: J Beilby
Date of Publication: 24 May 2013
This decision will come into force and may then be implemented on the expiry of 5 working days after publication unless it is called in.