Issue - meetings

Financial Monitoring Report Quarter 2 2019/20

Meeting: 28/11/2019 - Environment Overview and Scrutiny Committee (Item 25)

25 Financial Monitoring Report Quarter 2 2019/20 pdf icon PDF 118 KB

Additional documents:

Minutes:

The Principal Accountant introduced this report which provided detail for Members to scrutinise budget performance for this area of activity. The financial information was dated as quarter 2, 2019/20.

 

The Capital programme was around £32 million less than planned, mostly due to the reprofiling of schemes to the next financial year and LED street lighting replacement costs.

 

The Revenue programme had a projected adverse variance of £2.5 million, mainly in delays or reversals of key decisions relating to income generation. There was to be efforts to correct the variance before the end of the financial year.

 

Members questions about the financial performance raised issues including that the uptake of garden waste services was below the ambitious target which had been set despite promotional activity.

 

Resolved – that the Financial Monitoring Report Quarter 2 29019/20 be noted.