Agenda item

Report of Assistant Director of Finance and Head of Insight and Corporate Programmes

Purpose of report

This report summarises the Council’s Performance, Risk and Finance monitoring positions as at the end of January 2022.

Recommendations

The meeting is recommended:

1.1       To note the monthly Performance, Risk and Finance Monitoring Report.

1.2      To approve the proposed changes in use of reserves at Appendix 7.

1.3      To approve the revised fees and charges schedule at Appendix 8.

Resolved

(1)          That the monthly Performance, Risk and Finance Monitoring Report be noted.

(2)          That the proposed changes in use of reserves as set out in the annex to the Minutes (as set out in the Minute Book, appendix 7 to the report) be approved.

(3)          That the revised fees and charge schedule as set out in the annex to the Minutes (as set out in the Minute Book, appendix 8 to the report) be approved.

The Assistant Director of Finance and Head of Insight and Corporate Programmes submitted a report which summarised the Council’s Performance, Risk and Finance monitoring positions as at the end of January 2022.

Resolved

(1)          That the monthly Performance, Risk and Finance Monitoring Report be noted.

(2)          That the proposed changes in use of reserves as set out in the annex to the Minutes (as set out in the Minute Book) be approved.

(3)          That the revised fees and charge schedule as set out in the annex to the Minutes (as set out in the Minute Book) be approved.

Reasons

This report provides an update on progress made during January 2022, to deliver the Council’s priorities through reporting on Performance, Leadership Risk Register and providing an update on the Financial Position. The Council is committed to performance, risk and budget management and reviews progress against its corporate priorities on a monthly basis. Executive is recommended to agree a change in the use of reserves in accordance with the Council’s Reserves Policy and to agree the revised Con29 Fee for 2022/23 as set by Oxfordshire County Council.

Alternative options

Option 1: This report illustrates the Council’s performance against the 2021-22 Business Plan. Regarding the monitoring aspects of the report, no further options have been considered. However, members may wish to request that officers provide additional information. Regarding the recommendation to approve changes in use of reserves, members could choose not to reject the change of use, however, the request is in accordance with the councils Reserves Policy and within existing budgets.  If members chose not to agree to the changes in transfers to reserves then this would mean resource would need to be found for these projects separately in future years.