Issue - items at meetings - provisional out-turn 08-09
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provisional out-turn 08-09
Meeting: 14/07/2009 - Overview & Scrutiny Commission (Item 16)
16 Budget provisional out-turn 08/09 
PDF 139 KB
Report of the Interim Director of Finance and Resources.
Additional documents:
- Item 16 Appendix 1, item 16
PDF 134 KB
- Item 16 Appendix 2, item 16
PDF 72 KB
- Item 16 Appendix 3, item 16
PDF 73 KB
- Item 16 Appendix 4, item 16
PDF 38 KB
- Item 16 Appendix 5, item 16
PDF 49 KB
- Webcast for Budget provisional out-turn 08/09
Minutes:
16.1 The Head of Financial Services presented the report to the Commission. It was explained that the report had been to Cabinet in June 2009 and that there had been no change in the provisional figures submitted in the report.
16.2 The Commission heard that there had been an improvement in the council's position since Month 9 (when the figures had last been presented to the Commission); this was mainly due to an underspend in the concessionary fares budget, in part due to a lower usage than anticipated and monies held against potential legal challenges.
16.3 There had been an overall underspend in Directorate budgets, despite service pressures.
16.4 In terms of the capital programme, there had been a number of major re-profiles due to the King Alfred Leisure Centre and the Laines Car Park development, with significant slippage on the Civitas scheme.
16.5 Councillor Peltzer Dunn queried an item on pages 13/14 of the report, regarding loss of investment income as he understood that the council had not made losses on its investments. It was confirmed that there had been no investment losses but an under-achievement of the budgeted investment rate.
16.6 RESOLVED – to note the report.