Issue - meetings

Report attached.

There was currently projected to be an overspend of £334,000 for shared services and this would be apportioned between the boroughs as per the agreement.

Key pressures included an overspend on legal services (this had now been resolved) and the high number of referrals coming through to the enforcement service. The latter issue had been due to a rise in referrals from Bexley for both parking and revenues & benefits enforcement cases.

Non-shared services were projecting an overall underspend of £800,000. This consisted of a £1.1 underspend for Havering, £259,000 overspend for Newham and nil variance for Bexley.

A shortfall of £1.4 million on the Newham commercial rents portfolio had been offset by an overachievement of £1.6 million on Newham council tax, business rates and revenue & benefits. It was noted that roof work at East Han Town Hall meant that events could not be held there at present, leading to a shortfall in revenue.

The Joint Committee noted the current oneSource forecast outturn position based on the financial monitoring at the end of February 2017.