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Financial Monitoring (regular item)

Meeting: 17/09/2013 - Overview and Performance Committee (Item 281)

281 Financial Monitoring [regular item] pdf icon PDF 90 KB

 To consider the ATTACHED update.

Minutes:

The Head of Finance was in attendance for this item.

 

The key points of the report were highlighted, including:

-        all departments were showing surpluses.

-        surpluses were primarily due to increases in income, with some due to staff vacancies.

-        the financial picture was good.

-        Asset Management was projecting a deficit as the planned rental of office space to the Police had been delayed by a few months.

 

Noted that there was not only a surplus overall but in the budget of each department, which must be the first time this had happened. The Committee thanked Officers for the good work.