Issue - meetings
Budget Update to be submitted before 1st December 2011 (See TOR)
Meeting: 24/11/2011 - Worcestershire Shared Services Joint Committee (Worcs Shared Services Partnership was dissolved on 31st March 2016. A new partnership was agreed on 1st April 2016 Worcs Regulatory Services Board) (Item 24)
24 Worcestershire Regulatory Services Financial Monitoring April - September 2011/2012 
PDF 87 KB
Additional documents:
- Appendix 1 - Regulatory Services Revenue Monitoring Apr - Sept 2011/2012, item 24
PDF 51 KB
- Appendix 2 - Transformation Project - Projected Outturn position 2011/2012, item 24
PDF 46 KB
Minutes:
The Committee considered a report which provided details of the financial position for the period April 2011 to September 2011 for both revenue and capital expenditure.
The Executive Director Finance and Corporate Resources, Bromsgrove District Council introduced the report and in doing so informed the Committee of the significant underspend due to the savings arising from two Grade B posts remaining vacant.
The Executive Director Finance and Corporate Resources, Bromsgrove District Council responded to Members questions with regard to the residual underspend. The Committee was informed that the Legal Agreement stated that any underspend would be rolled forward and ring fenced for any future projects within the service. The final accounts would be brought back to the Joint Committee for approval, Members could then make the decision if a partner percentage share of the residual underspend should be allocated to each member authority.
RESOLVED that the report be noted.