Issue - meetings

Cabinet NOTED the projected expenditure position and the monitoring of prudential indicators, and referred the report to the next meeting of the Resources, Staffing, Information & Customer Services Portfolio Holder for more detailed consideration. 

The Resources, Staffing, Information & Customer Services Portfolio Holder provided an overview of the quarterly monitoring report and drew Members’ attention to the significant increase in underspends since the previous quarter, arising primarily from vacancies, lower than expected energy bills, additional savings on refuse collection and street cleaning, higher than anticipated interest rates and interest on £7 million owed to the Council by the Government on the pooling of business rates.  The refuse collection and street cleaning team was commended for identifying £50,000 additional savings.  These additional underspends had been identified in time to inform the Medium Term Financial Strategy.

Cabinet NOTED the projected expenditure position and the monitoring of prudential indicators, and referred the report to the next meeting of the Resources, Staffing, Information & Customer Services Portfolio Holder for more detailed consideration.