Issue - meetings

Report of the Director of Resources & Deputy Chief Executive enclosed.

The Director of Resources & Deputy Chief Executive submitted a report for information on the position for the period April to August 2023 on this year’s revenue budget for this committee.

The comparison between actual and budgeted expenditure showed an underspend of £753,357 for the first five months of the financial year 2023/24. After allowing for transfers to/from earmarked reserves the underspend was £755,733. The vast majority of the underspend position resulted from the refund of business rates in respect of the Castle Museum and also the delayed pay award settlement. This would be moved to reserves at year end.

The Chairman thanked Officers for their hard work, particularly in respect of the work undertaken in relation to the business rates refund.