Issue - meetings

Worcestershire Regulatory Services Revenue Monitoring April - March 2017 & Annual Return

Meeting: 22/06/2017 - Worcestershire Regulatory Services Board (Item 8)

8 Worcestershire Regulatory Services Revenue Monitoring April - March 2017 & Annual Return PDF 163 KB

Additional documents:

Minutes:

The Board considered a report which detailed the financial position for the period 1st April 2016 to 31st March 2017 and the Annual Return.

The Business Support Officer, Bromsgrove District Council (BDC), introduced the report and in doing so informed the Board that the report presented the final financial position for Worcestershire Regulatory Services (WRS) for the period 1st April 2016 to 31st March 2017.

Members were further informed that, as stated earlier during the course of the meeting, the Annual Return as detailed at Appendix 2 to the report was presented in the prescribed format as required by the accounting regulations service for small bodies.

The Business Support Officer, BDC, drew Members’ attention to the information as detailed in the report on the Pension Deficit for 2016/2017 and that this had been absorbed in the financial projections. There had been a payment of £26,370 from Worcestershire County Council for their share of the deficit.

An income budget target of £215,000 was set by WRS Managers for 2016/2017. But through hard work and the successes achieved by WRS, the total income generated from all sources was £461,000. The Business Support Officer, BDC, took the opportunity to congratulate WRS officers on their achievement.

RESOLVED:

(a) that the final financial position for the period 1st April 2016 to 31st March 2017 be noted; and

(b) that the refund of the 2016/2017 underspend of £39,000 to the participating Councils be approved as follows:

Council	Refund of Savings £’000
Bromsgrove	6
Malvern Hills	5
Redditch	7
City of Worcester	6
Wychavon	9
Wyre Forest	6
	39