Issue - meetings

(1)       Mr Simmonds introduced the first quarter’s budget monitoring report for 2011/12 which was reported to Cabinet on 19^th September 2011.  This was a regular report on the forecast outturn for Business Strategy & Support Directorate and Financing Items budgets within the Corporate Services portfolios.

(2)       Mr Simmonds and Mr Shipton answered questions and noted comments from Members which included the following:-

• Mention was made of the positive impact that filling pot holes quickly could have on the insurance reserve budget.
• Reference was made to the Deputy Leaders portfolio and the importance of any reductions being carried out in a timely and appropriate way.  Mr King referred to the reduction in senior managers in Democratic Services and the need for a transition period for this function to ensure that changes reflected the future needs of the organisation and support for Members. This transition period had been agreed with the finance team. 

(3) RESOLVED Members of the POSC are asked to note the projected outturn for the Business Strategy and Support Directorate and Financing Items for 2011/12 based on the first quarter’s monitoring report to Cabinet.