Issue - meetings

Report of Executive Director: Finance and Governance and Assistant Director: Performance and Transformation

Purpose of report

This report summarises the Council’s Performance, Risk and Finance monitoring position as at the end of each month.

Recommendations

The meeting is recommended:

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

1.2           To approve the additional expenditure and income for new grant awards in 2018/19 and 2019/20 as detailed in section 3.16 of this report.

1.3           That the revenue underspend for 2018/19 be transferred to the “Business Rates and Risk” earmarked reserve which will be available to mitigate any funding volatility or risks that emerge during 2019/20.

1.4           To approve the slippage of capital budgets from 2018/19 to 2019/20 and beyond as detailed in section 3.17.

Resolved

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

(2)          That the additional expenditure and income for new grant awards in 2018/19 and 2019/20 as detailed in the annex to the minutes (as set out in the Minute Book) be noted.

(3)          That the revenue underspend for 2018/19 be transferred to the “Business Rates and Risk” earmarked reserve which will be available to mitigate any funding volatility or risks that emerge during 2019/20.

(4)          That the slippage of capital budgets from 2018/19 to 2019/20 and beyond as detailed in the annex to the minutes (as set out in the Minute Book) be approved.

The Executive Director: Finance (Interim) and Assistant Director: Performance and Transformation submitted a report which summarise the Council’s Performance, Risk and Finance monitoring position as at the year end.

On behalf of Executive, the Chairman thanked all officers for their hard work in helping the council achieve a good year end report.

Resolved

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

(2)            That the additional expenditure and income for new grant awards in 2018/19 and 2019/20 as detailed in the annex to the minutes (as set out in the Minute Book) be noted.

(3)            That the revenue underspend for 2018/19 be transferred to the “Business Rates and Risk” earmarked reserve which will be available to mitigate any funding volatility or risks that emerge during 2019/20.

(4)            That the slippage of capital budgets from 2018/19 to 2019/20 and beyond as detailed in the annex to the minutes (as set out in the Minute Book) be approved.

Reasons

The Council is committed to performance, risk and budget management and reviews progress against its corporate priorities on a monthly basis.

This report provides an update on progress made so far in 2018-19 to deliver the Council’s priorities through reporting on Performance, the Leadership Risk Register and providing an update on the financial position.

Alternative options

Option 1: This report illustrates the Council’s performance against the 2018-19 business plan. As this is a monitoring report, no further options have been considered. However, members may wish to request that officers provide additional information.