Issue - meetings

Councillor Izzi Seccombe presented a report that provided an update of the WMCA finances as at the end of October 2017. The report provided a summary of the revenue and capital financial positions against the approved budget, along with a summary of the Investment Programme and its current commitments and a summary of the balance sheet.

It was reported that the budget forecasts showed a favourable variance of £941,000 to date in the WMCA’s operational budget due to a number of posts remaining vacant, and the Mayor’s office spend was now in line with the budget due to an increased amount of work being undertaken in-house.

Resolved:

The financial position for October 2017 be noted.