Issue - meetings

To consider a report by Councillor Julian Thompson-Hill, Lead Member for Finance and Assets (copy enclosed) detailing the latest financial position and progress against the agreed budget strategy.

RESOLVED that  –

(a)       the latest financial position and progress against the agreed budget strategy be noted, and

(b)       the recommendation of the Strategic Investment Group as detailed in Appendix 5 with regard to design works for Ysgol Glan Clwyd be approved.

Councillor Julian Thompson-Hill presented the report detailing the latest financial position and progress against the agreed budget strategy.  He provided a summary of the Council’s financial position as follows –

·         a net underspend on the revenue budget of £45k was forecast for service and corporate budgets

·         a forecast positive movement for schools of £352k with non-delegated school budgets forecasting an under spend of £150k

·         £1.267m (41%) of agreed savings had been achieved to date

·         highlighted key variances from budgets or savings targets relating to individual service areas, and

·         a general update on the Capital Plan and Housing Revenue Account.

Members’ attention was also drawn to the recommendation of the Strategic Investment Group (detailed in Appendix 5 to the report) with regard to the design works for Ysgol Glan Clwyd.  The Head of Finance and Assets welcomed the proactive approach taken by the Council in terms of the 21st Century Schools Programme which was beginning to yield results.  Welsh Government had recently made funding available to accelerate the proposal at Glan Clwyd.

RESOLVED that  –

(a)       the latest financial position and progress against the agreed budget strategy be noted, and

(b)       the recommendation of the Strategic Investment Group as detailed in Appendix 5 with regard to design works for Ysgol Glan Clwyd be approved.