The Director responsible for Finance reported that Strata has delivered revenue savings of £623,800 in 2018/19 and had refunded £620,000 to the three Councils. The savings had compared well against the original target of £381,961 as outlined in the original business case.
Strata Joint Scrutiny Committee had considered the report at its meeting on 30 May 2019.
RESOLVED that the report be noted.
To consider the Budget Monitoring Outurn 2018-19 report of the Director of Finance
Strata has delivered £623,800 of revenue savings in 2018-19 and refunded £620,000. The key variations were set out in the report. The saving of £623,800 compared well against the original target of £381,961. Previous monitoring reports had highlighted the fact that the saving would be higher than outlined in the original business case.
The report also set out variations in the capital budget.
The report be noted and supported.