Issue - meetings
Monthly Performance, Risk and Finance Monitoring Report - January 2019
Meeting: 19/03/2019 - Budget Planning Committee (Item 59)
59 Finance Monitoring Report - January 2019 
PDF 64 KB
Report of the Deputy Section 151 Officer
Purpose of report
This report summarises the Finance monitoring position as at the end of each month.
Recommendations
1.1 To note the contents of the report.
Additional documents:
- Executive - Performance Finance and Risk Report January 2019 v1, item 59
PDF 739 KB
- Appendix 1 - Business Plan on a page - Final, item 59
PDF 355 KB
- Appendix 2 CDC Performance, item 59
PDF 711 KB
- Appendix 3 CDC Leadership Risk Register (with updates), item 59
PDF 265 KB
- Appendix 4 - Jan-19 CDC Capital vs Final, item 59
PDF 190 KB
Decision:
Resolved
(1) That the contents of the report be noted.
Minutes:
The Committee considered a report from the Deputy Section 151 Officer, which summarised the Council’s Finance Monitoring position at the end of January 2019.
The Deputy Section 151 Officer advised the Committee that a surplus of £477k was currently forecast, as well as a a Capital Programme underspend of £147k.
In response to questions from the Committee regarding the forecast surplus, the Deputy Section 151 Officer explained that several large businesses had opened and business rates were being paid earlier than expected.
The Deputy Section 151 Officer also advised that improved efficiencies in Treasury Management activities had also contributed to the improvement in the Council’s financial position.
At the request of the Committee, the Interim Executive Director – Finance and Governance agreed to provide more detailed information to future meetings regarding Business Rates.
Resolved
(1) That the contents of the report be noted.