Agenda item

Provisional Outturn 2017/18

Report of the Chamberlain

Minutes:

The Committee received a Report of the Chamberlain concerning the provisional outturn for 2017/18.

 

The Deputy Chamberlain highlighted an error on table 3, the September figures were incorrectly shown, updated December figures were tabled.

 

Pointing to the material differences in variances between December and March, the Chairman commented that officers had to overcome a long standing cultural instinct of departments building in a cushion, it indicated that fat existed in the system. He was disconcerted by the underspending across the Corporation and reminded officers that overspending would not always result in a harsh reprimand. It would be less concerning, if, in aggregate, the budget was being met and departments had good reasons for extra spending. In addition, he informed Members that, from now on, except for carry forwards, officers will not be adjusting the budget in year; Members welcomed this development.

 

A Member requested that in future separate variances in income and variances in expenditure would be outlined in these reports.

 

RESOLVED – that the Committee noted the Report.

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