Agenda item

Report of the Head of Corporate Performance and Development.

The Sub Committee received an updated schedule of outstanding actions and agreed that subsequent schedules should include the actions identified at the previous meeting for the sake of clarity.

In response to Members questions officers reported that the Barbican Centre position for month 9 in 2013/14 was a year-to-date overspend of £549k, although with stronger performance expected in the next three months the forecast year-end overspend reduced to £275k. With regards to the Inter-Departmental Co-ordination, the Deputy Town Clerk advised that diary management had taken place and the joining up of facilities departments was now being investigated. It was confirmed that a report by the Remembrancer was still expected at the Sub Committee meeting scheduled for July 2014.

As agreed at the previous meeting, savings identified as part of the service based reviews and the resulting programme would be monitored by this Sub Committee, in addition to further scrutiny of special interest areas. Members discussed the need to review their terms of reference and make recommendations for changes to Finance Committee at their meeting in April 2014; it was agreed that all Finance Sub Committees should also review their terms of reference for the sake of good governance.

RESOLVED – that, the terms of reference for the Sub Committee be reviewed at their next meeting, and any recommendations for changes be made to Finance Committee in April 2014.