Issue - items at meetings - Quarter 1 Finance and Performance Monitoring Report

Issue - meetings

Quarter 1 Finance and Performance Monitoring Report

 

 

Meeting: 27/09/2011 - Overview and Scrutiny Board (Item 36)

36 Quarter 1 Finance and Performance Monitoring Report pdf icon PDF 161 KB

Minutes:

The Board considered the Finance and Performance Monitoring Report for the first quarter of 2011/12.  The Executive Director, Finance and Resources explained the new format of the report.  The Board questioned and discussed the following areas in greater detail:

 

·        The variance for Corporate Services – and the detail provided in the Financial Commentary.

·        Vacancy Management, employment rights for temporary staff, consultancy fees and fees for expert advice.

·        Termination costs following Shared Services in relation to Redditch Borough Council and the Worcestershire Enhance 2 Tier arrangements.

·        The audit process and role of the Audit Board.

·        The format of the Statement of Accounts.

·        Clarification on the Capital Budget Summary for Regulatory Services.

·        The shortfall in revenue for Car Parks/Civil Enforcement Parking and the work being undertaken to address this.  The Executive Director, Finance and Resources agreed to provide further detail within the July – September 2011 monitoring report to the Board.

 

Members understood that it was difficult to change the format of the report, and asked that in future more detailed explanations be provided in the Financial Commentary section.

 

RESOLVED that the current financial position for Revenue and Capital as detailed in the report be noted.

 

RECOMMENDED that the costs of consultancy fees are detailed separately for future financial monitoring reports.