Agenda item

To consider the level of spending against the Council’s Revenue and Capital budgets for the first ten months to 31 January 2018.

Mr Steve Thompson, Director of Resources advised that the month 10 Financial Performance Monitoring Report was the last of the financial year. He highlighted that there was a £2 million overspend and that the Council had achieved savings of £17 million. He added that improvements had been made to the collection rates of both Council Tax and Business Rates.

Members queried whether using non ring-fenced basic needs funding for other ventures might prevent receipt of future funding. In response, Mr Thompson advised that he did not believe so. He highlighted that the Council had spent more over previous years than required and had already been notified of the funding to be received in 2018/2019.