Issue - meetings

Quarterly Corporate Budget Monitor - Qtr 3 2019/20

Meeting: 11/02/2020 - Executive (Item 352)

352 Quarterly Corporate Budget Monitor - Qtr 3 2019/20 pdf icon PDF 404 KB

Additional documents:

Decision:

That (A) the net cost of services budget forecast underspend of £35k in 2019/20 be noted (paragraph 2.5 of the report);

 

(B)the capital budget for 2019/20 is £77.812m, of which £78k is estimated to underspend and £64.292m is to be carried forward to future years be noted (paragraph 5.1.1); and

 

(C)the reported performance for the period October 2019 to December 2019 be noted (paragraph 7).

Minutes:

The Executive considered a report submitted by Councillor Williamson on the quarterly corporate budget monitoring for Quarter 3 of the current financial year. 

 

Councillor Williamson thanked officers for bringing the report earlier than it was usually submitted.  He drew Members’ attention to the main points in the report, in particular the predicted revenue budget underspend as set out in the report, a number of marginal variances across the services, the capital programme in relation to the projects of Hertford Theatre, Old River Lane and the two Leisure Centres.  Regarding performance monitoring, the report set out areas which were now achieving the target, such as fly tipping removal time, and also areas which were not achieving targets, such as missed bin collections and website satisfaction.  In such areas, the reasons for underperformance were understood and would continue to be reviewed.  He proposed a motion to support the recommendations in the report. 

 

Councillor Pope asked whether older debts set out in appendix B to the report could be recovered. 

 

The Head of Strategic Finance and Property said the great majority of the large debts were anticipated to be recovered.  He referred to various details of such debts, including a sum of £88,000 which related to section 106 monies due from developers, a sum from a school for the joint use of a hall, and the Hertford Town Council contribution for works in Maidenhead Street. 

 

Councillor McAndrew seconded the motion, which was put to the meeting.  A vote being taken, the motion was declared CARRIED. 

 

RESOLVED - that (A) the net cost of services budget forecast underspend of £35k in 2019/20 be noted (paragraph 2.5 of the report);

 

(B)the capital budget for 2019/20 is £77.812m, of which £78k is estimated to underspend and £64.292m is to be carried forward to future years be noted (paragraph 5.1.1); and

 

(C)  the reported performance for the period October 2019 to December 2019 be noted (paragraph 7).