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: