Issue - meetings

Strata Finance Report

Meeting: 27/01/2020 - Strata - Joint Executive Committee (Item 7)

7 Strata Finance Report pdf icon PDF 37 KB

Additional documents:

Minutes:

 

The Strata Director (Finance) advised on the financial position of Strata at the end of November 2019.

 

The projected revenue saving in 2019-20 was on track at £323,759. The projected 2020-21 savings of £500,000 would be provided to the authorities at the beginning of the financial year, therefore Strata was on track to deliver the savings set out in the business plan. This was after taking into account the approved £50,000 expenditure on exploring commercialisation. The report also detailed key financial variations, the savings of £100,000 on renegotiating the mobile phone contract, and cost of additional equipment ordered by each authority.

 

Future challenges included the renegotiation of the Microsoft licence which had been factored into the Business Plan, although this is only an estimate of what the renewal costs might be.

 

Strata Joint Scrutiny Committee had considered the report at its meeting on 13 January 2020.

 

RESOLVED that the report be noted.

 


Meeting: 13/01/2020 - Strata - Joint Scrutiny Committee (Item 6)

6 Strata Finance Report pdf icon PDF 37 KB

Additional documents:

Minutes:

The Strata Director (Finance) referred to the budget monitoring November 2091/20 report circulated with the agenda. The Company had been given a total of £6.097 million to run the IT Services in 2019/20 along with funding for various capital projects. The Company also maintains an account for additional purchases throughout the year, which was invoiced to each Council based on actual purchases made.

 

Although savings of £310,000 were delivered, £210,000 was used for specific service improvements, as agreed by the three Councils.

 

The report detailed the projected £323,759 of revenue savings in 2019-20.

The projected 2020-21 savings of £500,000 would be provided to the authorities at the beginning of the financial year, therefore Strata was on track to deliver the savings set out in the business plan. This was after taking into account the approved £50,000 expenditure on exploring commercialisation. The report also detailed key financial variations, the savings of £100,000 on renegotiating the mobile phone contract, and cost of additional equipment ordered by each authority.

 

RESOLVED - The report be noted.