(Report of Director of Finance and Transformation)
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 2013/14 which showed an updated net favourable variance of £225,000.
In addition details were given of variations identified through revenue budget monitoring in respect of 2014/15 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:
The contents of the report be noted and endorsed.