The Strategic Director – Transformation and Resources introduced his report that provided the Committee with the Quarter 3 Capital and Revenue Financial Monitoring details, as reported to the Cabinet at its meeting on 22 February 2016.  This was done to enable the Committee to scrutinise progress against the 2015/16 Revenue and Capital budgets and to highlight any areas for further clarification.  The Revenue and Capital monitoring reports were appended to the Director’s report.

The Cabinet reports as appended provided the Coordinating Committee with detail regarding the Capital Programme as referred to Council, with the revised Capital Programme of £46.9 million that included the return of the £0.4 million Liverpool City Region Sustainable Transport Enhancement Package grant to Merseytravel. See summary table below:

Capital Programme 2015/16 at 31 December 2015

The Cabinet report also set out the projected revenue position for 2015/16 as at the close of quarter 3 (31 December 2015). The projected outturn showed an improvement of £0.65 million on the quarter 2 position. The latest position forecast an £80,000 year end overspend.

2015/16 Projected Budget variations by Directorate £000’s (Revenue)

Members questioned the officers on billing and collection, and the 75% recovery rates currently being achieved. Further questioning took place on the practice of court proceedings and charges against property, time involved and minimum charge levels.

The Committee was apprised that, for example, in the case of care home costs or contributions, arrangements for deferred payments were often agreed in advance. 

Resolved:

That the contents of the report be noted.