Issue - meetings

Report of the Head of Economic Regeneration

The Head of Economic Regeneration presented the report to members, highlighting the forecast overspend in period 5 and the reduced contribution to balances of £3,586.  He explained that this was primarily as a result of reduced income from Broomleys Cemetery, but nevertheless the items at section 1.2 of the report could still be afforded and all other items were effectively as forecast.  He explained that the revenue budget was forecast at £87,000 although some costs had been recently approved which would reduce this slightly.  He added that reserves were available as well as £42,000 in balances.

In response to a question from Councillor P Purver, the Leisure Services Team Manager advised that the majority of the funding relating to the Owen Street Recreation Ground floodlight refurbishment had been allocated from the asset protection fund and was not shown in this report.

The Head of Economic Regeneration advised that the Section 106 funding from the Lillehammer Drive development had not been included in this update but would be shown in future reports. 

It was moved by Councillor J Legrys, seconded by Councillor D Everitt and

RESOLVED THAT:

The 2018/19 period 5 actuals and forecasted outturn be noted.