Decision details

Performance, Risk and Finance Monitoring Report Quarter 2 2023

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

To inform the Executive of the progress against our corporate priorities, a Leadership Risk update linking to the performance and a financial update

Resolved

(1) That Council’s Performance, Risk and Financial for the current financial year up to the end of Quarter 2 2023 be noted.

(2) That the following use of reserves be approved:

Directorate: Resources

Type: Earmarked

Description: Elections Reserve

Reason: To cover election costs

Amount £m: 0.070

Directorate: Resources

Type: Earmarked

Description: Market Risk Reserve

Reason: Over-recovery of Treasury Income

Amount £m: (0.448)

(3) That £0.030m grants funding for the UKSPF Community Facilities be approved.

(4) That the S106 funding for Longford Park Sports Pitches amounting to £0.050m be approved.

(5) That the S106 funding for Deddington Parish Council projects amounting to £0.040m be approved.

(6) That the increase in Building Safety Regulator hourly rate to £71.32 be approved.

(7) That the following write offs of £0.787m be approved and it be noted that they will be funded by the bad debt provision:

Debt to be written off	£m
Sundry debts over £0.005m to be written off	0.774
Housing Benefit Overpayments to be written off	0.013
Council Tax to be written off	0.000
Total write offs for approval	0.787

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

Reason No Public Access: Part - Exempt Appendix(appendices) by virtue of paragraphs 1, 2, 3 of Local Government Act 1972

Declarations: None

Subject to Urgent Proceedings: No

Contact: Celia Prado-Teeling, Performance Team Leader Email: celia.prado-teeling@cherwell-dc.gov.uk Tel: 01295 221556.

Report author: Celia Prado-Teeling

Publication date: 07/11/2023

Date of decision: 06/11/2023

Effective from: 11/11/2023

Accompanying Documents: