Agenda item

Revenue Outturn

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

Minutes:

Members then considered the joint report by the Chamberlain and the DMCP on the revenue outturn. The following matters were raised:-

 

·         A Member raised the question of reduced service charge income at Smithfield, due to additional Poultry Market units not being let, and said that this shortfall should be recharged to another appropriate budget rather than to the Markets Committee. The Chamberlain confirmed revenue estimates for the forthcoming year would take account of this situation.

 

·         The Committee then noted a further point from the same Member regarding revised budgets during the year and the need to compare revenues against originally predicted figures. He referred to the capital and support services overspend of £200,000, including a figure of £75,000 for Chamberlain’s (IT and City Procurement) (page 20 of agenda pack). The Chairman asked the Chamberlain to write to Members to advise them of the details of the £75,000 variance and confirm reasons for changes to the original budget.

 

RECEIVED. 

Supporting documents: