6
The Committee received a financial report from Sarah Broadley, Finance Business Partner, ECC.
The purpose of the report was to present to Members the 2016/17 outturn position and detail the causes resulting in an £98,498 overspend:
- £19,561 overspend on employees mainly due to Apprenticeship costs.
- Supplies and Services have overspent by £57,278.This is due to Legal Costs which totalled £62,678 and Bailiff Costs and £44,187 which were partially offset by an East of England Grant reimbursement of £24,797 for the ECTU database.£3,867 of injunction costs have been incorrectly charged to ECTU and discussions are taking place to remove these from the ECTU budget. Also, a £4,205 waste disposal charge has gone through ECTU incorrectly, which we are currently resolving.
- The adjustments required for staff correction of £2,321, the injunction charges of £3,867 and the Waste disposal charge of £4,205 will reduce the overspend by £10,393
- Income shortfall of £16,283. This has been identified and corrected.
- The above corrections will reduce the overspend from £98,498 to £71,822
Members were informed the year-end overspend position has reduced the reserve position from a surplus of £66,798 to a deficit of £31,700. These corrections will reduce the deficit from £31,700 to £5,204
As a result of the overspend Members were presented with a series of options for their consideration.
- Retain the already agreed 5% increase (£323)
- Agree to a £646 increase
- Agree to a £969 increase
- Agree to a 1,293 increase (recommended option)
The Chairman informed Members that option 4 was the preferred option. It was requested District Members seek confirmation from their own Authority that this recommendation is acceptable and confirm this by the end of September 2017.