The Principal Member for Ascot Regeneration introduced the latest Financial Update report and informed that this month’s variances were registrar’s income shortfall of £40,000 and IT Services network circuit costs of £37,000.

The Principal Member also highlighted the school expansion programme and how projects such as the expansion at Charters were being built on time, to quality and under budget.  The Lead Member for Children’s Services said that there was a £30 million expansion programme that was coming in at £1,5 million under budget with the addition of the expansion at Newland being added to the original programme.  There had been 6 expansions planned and 7 being delivered.

It was noted that the Prime Minister had attended the opening of the Cox Green expansion, that the expansion at Furze Plat had been delayed so there was no disruption during exams and that there would be discussions with local schools about the possibility of moving to a new school on the golf club development site.

Resolved unanimously: that Cabinet:

i)        Notes the council’s projected outturn position for 2018-19 and notes work undertaken to identify mitigations to deal with pressures.