Agenda item

Report of the Chamberlain.

The Committee received a report of the Chamberlain which set out the overall forecast year end position at quarter three, which was £7.9m better than budget.

In response to a Member’s query on the budget figures set out in Appendix Two, the Chamberlain confirmed that information on current actual budgets was missing from the paper and this would be re-issued to Members.

The Chairman commented that, for the purposes of transparency, budgets should not be changed during the year, but instead the variances should be recorded, with commentary provided.

RESOLVED – That the Committee notes the report.