Agenda item

Joint report of the Chamberlain and the Director of Markets and Consumer Protection.

Members received a joint report of the Chamberlain and Director of Markets and Consumer Protection which had been prepared following a request by Members to  receive more detail as to the  variances  between the original budget for 2014/15 and the latest approved budget, agreed by the Committee at its 26 November 2014 meeting.

The Chairman thanked the Chamberlain for responding to the Committee’s concerns, advising that he and the Deputy Chairman had met with the Financial Services Director to agree that all future items which impacted on the budget would now state the individual as well as the cumulative impact, to help Members track movement between budgets.

The Financial Services Director confirmed that the intention of the original report template had been to simplify the way in which information was presented, but noted that this approach had sometimes made it more difficult for Members to track movement of individual items across budgets. As a result, this new version agreed with the Chairman and Deputy Chairman would also be implemented for other Committees, so as to provide consistency and clarity for Members.

Resolved – That the report be noted.