Decision details

Performance, Risk and Finance Monitoring Report Quarter 3 2023

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 Council’s Performance, Risk and Financial report for the current financial year up to the end of Quarter 3 2023 be noted.

 

(2)          That the following reserve requests be approved.

 

Directorate: Resources

Type: Earmarked

Description: Market Risk Reserve

Reason: Over-recovery of Treasury Income

Amount £m: (0.170)

 

Directorate: Resources

Type: Earmarked

Description: Transformation Implementation

Reason: Underspend withing Policy Contingency

Amount £m: (0.500)

 

Total Earmarked Reserves £m:  (0.670)

 

(3)          That the use of Policy Contingency of £1.476m to mitigate the lower than budgeted in-year income of S31 grant be approved.

 

(4)          That the repurposing of £0.030m from the Fairway Flats Refurbishment project for the works at Cope Road Banbury approved by S151 under delegation powers be noted.

 

Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;

Reason No Public Access: There may be exempt appendices by virtue of paragraph 3 of schedule 12A of Local Government Act 1972

Declarations: None

Subject to Urgent Proceedings: No

Making Representations: No

Contact: Leanne Lock, Strategic Business Partner - Business Partnering & Controls Email: leanne.lock@cherwell-dc.gov.uk Tel: 01295 221558, Celia Prado-Teeling, Performance Team Leader Email: celia.prado-teeling@cherwell-dc.gov.uk Tel: 01295 221556.

Report author: Leanne Lock

Publication date: 06/02/2024

Date of decision: 05/02/2024

Decided at meeting: 05/02/2024 - Executive

Effective from: 10/02/2024

Accompanying Documents: