Issue - meetings

The Strata Director (Finance) advised on the financial position of Strata at the end of the first quarter of 2019/20. Strata had a budget of £6.531 million in 2019/20 along with funding for various capital projects.

Strata was projected to deliver £812,900 of revenue savings in 2019/20, whilst this is below the target, the expectation was for the Company to deliver the additional savings by the end of the financial year.

Strata Joint Scrutiny Committee had considered the report at its meeting on 4 September 2019.

RESOLVED that the report be noted.

The Strata Director (Finance) referred to the report circulated with the agenda and advised on the financial position of Strata at the end of the first quarter of 2019-20. Strata had a budget of £6.531 million to run the IT Services in

2019/20 along with funding for various capital projects. An account is also maintained for additional purchases (outside of the existing Strata contract) throughout the year. These are invoiced to each Council based on actual purchases made.

Strata is projected to deliver £812,900 of revenue savings in 2019-20, a projected shortfall currently of around £41,000. The key variations were set out in the report. Strata is working on further opportunities to deliver the extra £40,000, by renegotiating mobile phone contracts. The target for the Company is to deliver the additional shortfall by the end of the financial year.

RESOLVED  - The report is noted.