Decision details
Monthly Performance, Risk and Finance Monitoring Report July 2022
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To inform the Executive of the progress against our corporate priorities, a Leadership Risk update linking to the performance and a financial update
Decision:
Resolved
(1) That the monthly Performance, Risk and Finance Monitoring Report July 2022 be noted.
(2) That the following proposed changes in the use of reserves and detailed in the Annex to the Minutes (as set out in the Minute Book) be approved:
Directorate |
Type |
Description |
Amount £m |
Resources |
Earmarked |
Projects reserve |
0.146 |
Resources |
Earmarked |
Elections Reserve |
0.038 |
Resources |
Earmarked |
Commercial Risk Reserve |
(2.573) |
|
|
Total Earmarked Reserves |
(2.389) |
(3) That the reduction in the Castle Quay capital scheme of £3.370m be approved.
(4) That the budget virement between Executive Matters and the Property Budget of £0.927m be approved.
Reason Key: Significant Expenditure or Savings;
Reason No Public Access: No
Declarations: None
Subject to Urgent Proceedings: No
Contact: Michael Furness, Assistant Director Finance & S151 Officer Email: michael.furness@cherwell-dc.gov.uk Tel: 01295 221845, Celia Prado-Teeling, Performance Team Leader Email: celia.prado-teeling@cherwell-dc.gov.uk Tel: 01295 221556.
Report author: Michael Furness
Publication date: 06/09/2022
Date of decision: 05/09/2022
Decided at meeting: 05/09/2022 - Executive
Effective from: 10/09/2022
Accompanying Documents:
- Executive Performance Finance and Risk July 22 PDF 884 KB
- Appendix 1 - Finance Capital July 2022 PDF 243 KB
- Appendix 2 - Detailed Revenue Narrative on Forecast - July PDF 217 KB
- Appendix 3- Virements and Aged Debt July PDF 355 KB
- Appendix 4 - Funding July 2022 PDF 337 KB
- Appendix 5 - Use of Reserves and Grant funding July PDF 440 KB
- Appendix 6 - 2022 23 Business plan PDF 655 KB
- Appendix 7 - Performance July PDF 159 KB
- Appendix 8 - Leadership Risk Register July 22 PDF 685 KB
- Annex to Minutes - Use of Reserves and Grant funding July PDF 440 KB