The Committee considered the report of the Assistant Chief Executive which provided the projected revenue and capital position for 2016/17 as at the close of Quarter 1 (30 June 2016) as reported to Cabinet on 18 July 2016 (Minute 26 and 27 refers).

The Environment Overview and Scrutiny Committee noted that the quarter one revenue report had forecast an overspend of £1.1 million for the year and had sought approval from Cabinet for the allocation of £11.1 million from the Revenue Contingency Budget contingency to Directorates and similarly the use of £1.6 million of General Fund Balances. The report also updated on other budgetary movements which had arisen since the 2016/17 budget was agreed.

The Committee further noted that the capital report had updated the capital programme to reflect re-profiling of schemes between years which produces a capital programme of £58.97 million for 2016/17 and that expenditure after the first quarter concluded was £2.7 million.

RESOLVED:

That the report and appendices be noted.