Agenda item

To receive a resolution from the Markets Committee regarding the presentation of Revenue Outturn Reports to the Markets Committee.

The Committee received a resolution from the Markets Committee regarding the presentation of Revenue Outturn Reports to that Committee. The Markets Committee had requested that, in future, their Revenue Outturn Reports were provided in commercial format, with expenditure shown as a negative value (in brackets), rather than in the public sector format, where income was shown as a negative value (in brackets).

The Finance Committee discussed the Markets Committee’s resolution. The Chairman noted that the presentation of Outturn Reports and Accounts had been an area of significant discussion in the past. The Committee expressed concern that the approach suggested by the Markets Committee would create inconsistency between Committees within the Corporation, and this may lead to confusion for members of the public when reading Committee papers. The Committee agreed that it would be preferable to maintain consistency across all Committees, and therefore requested that the Markets Committee reconsider their request regarding the presentation of Revenue Outturn Reports.

RESOLVED – That the Finance Committee notes the resolution of the Markets Committee and requests that the Markets Committee reconsider their request regarding the presentation of Revenue Outturn Reports.