Issue - meetings

(Report by Mr R Hallett, Director, Finance Manager)

(Dr L Davies, Director, Environment and Waste was present for this item)

(1)       The Committee considered the financial position of the current year which included the first quarter financial monitoring as reported to the Cabinet and the significant variations since the Cabinet meeting. 

(2)       Mr Hallett introduced the report explaining that the overall forecast remained at break-even although there had been a further significant underspend of £0.9m predicted on waste.  This had been partly due to increased income from recycled materials and partly due to Allington waste to energy plant being offline for some of July and August 2008.  The underspend would be offset by an intention to increase the invest-to-save proposals by £0.9m to produce savings and efficiency to help with next year’s inflation pressures. 

(3)       Members of the Committee were given the opportunity to make comments and ask questions which included the following:-

• In response to a question, Mr Ferrin advised that the Winter Reserve was going to be renamed as there had been a reduction in the salt runs in previous years.

(4)       In response to a question on the Allington Incinerator, Dr Davies advised that she had received daily updates and that the fire damage to the turbine had been repaired as well as the material/dry sorting facility, both were up and running. 

(5)       RESOLVED that the comments made by Members and the report be noted.