The Senior Manager Finance introduced the regular report of the Assistant Director: Finance and Section 151 Officer that set out the projected revenue and capital monitoring position for 2016/17 as at the close of quarter 3 (31 December 2016).

The People Overview and Scrutiny Committee were informed that the quarter 3 revenue forecast was an overall underspend of £0.4 million for the year (£0.2 million underspend was forecast at quarter 2). People (former Families and Wellbeing areas) had a significant forecast overspend which had been offset by largely one-off savings within Business Services Treasury Management.

Members were further informed that the quarter 3 capital report detailed the updated capital programme and reflected the significant re-profiling of schemes between years to reduce the 2016/17 capital programme to £30.7 million. Expenditure after the third quarter concluded was £16.4 million.

Resolved – That the report and appendices be noted.