Issue - meetings
Meeting: 14/01/2019 - Audit, Risk & Assurance Committee (Item 131)
131 Financial Monitoring Report 2018/19 
PDF 130 KB
Presented By: Linda Horne
Additional documents:
Decision:
Resolved:
(1) That the consolidated revenue budget monitoring position as at 30 November 2018 as set out in the Financial Monitoring Report for November 2018 be noted.
(2) That the Chair be informed immediately if there were significant variances within the budget.
Minutes:
The Interim Director of Finance provided committee with an update on WMCA’s consolidated revenue budget monitoring position as at 30 November 2018.
The Interim Director of Finance highlighted that the Transport Delivery Committee monitored the position of the expenditure on travel concessions as this showed as under budget but was due to lower bus patronage than budgeted.
Councillor Craig Collingswood queried as to which member group scrutinised the financial monitoring position. The Interim Director of Finance confirmed that responsibility sits with the WMCA Board and was scrutinised by the budget working group of Overview & Scrutiny Committee.
Resolved:
(1) That the consolidated revenue budget monitoring position as at 30 November 2018 as set out in the Financial Monitoring Report for November 2018 be noted.
(2) That the Chair be informed immediately if there were significant variances within the budget.