Issue - meetings


Meeting: 22/03/2016 - Policy and Performance - Transformation and Resources Committee (Item 43)

43 Financial Monitoring 2015/16 Quarter 3 pdf icon PDF 162 KB


The Head of Financial Services introduced a report which set out financial monitoring information in respect of the quarter 3 (October to December 2015) budget performance for the Transformation and Resources Directorate.


In respect of the Revenue Budget, the Transformation and Resources Directorate was projecting an underspend of £3.45m, as at 31 December 2015. The Directorate 2015/16 Capital Programme budget was £7.3 million with £3.6 million expended at the end of quarter 3.


Responding to comments from Members, the Head of Financial Services commented that the disposal and change of use of the former Rock Ferry High School was with the Secretary of State for Education as her permission was needed for any change of use of former school playing fields.


Resolved – That the report be noted.