Issue - meetings

** Please note this report will follow as it is currently being reviewed and finalised **

Report of Director of Finance and Head of Insight and Corporate Programmes

Purpose of report

This report summarises the Council’s Performance, Risk and Finance monitoring positions as at the end of May 2021, covering the first two months of the financial year.

Resolved

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

(2)          That the uses of specific grant related reserves be noted.

(3)          That uses of earmarked reserves (within s3.23 savings) be approved.

(4)          That the Capital carry forwards described in the Annex to the Minutes (as set out in the Minute Book) be approved.

(5)          That Council be recommended to approve increases in the capital programme for the following two capital grants: Public Sector Decarbonisation Scheme (Commercial Development, Assets and Investment Directorate) and Garden Town (Growth and Economy Directorate).

(6)          That Council be recommended to approve a transfer of £75k capital budget from the Finance Replacement System to the HR/Payroll System.

(7)          That the revised schedule of fees and charges for Environmental Health and Licensing (Annex to the Minutes as set out in the Minute Book) which are to be applied for the 2021/22 financial year be approved.

(8)          That the carry forward of funding into reserves and agree to the allocations being released for use in 2021/22 as described in the Annex to the Minutes (as set out in the Minute Book) be approved.

The Director of Finance and Head of Insight and Corporate Programmes submitted a report which summarised the Council’s Performance, Risk and Finance monitoring positions as at the end of May 2021, covering the first two months of the financial year.

In considering the report, the Chairman suggested that the Lead Member for Financial Management and Governance liaise with officers with a view to the Budget Planning Committee undertaking a full analysis of the capital programme.

Resolved

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

(2)          That the uses of specific grant related reserves be noted.

(3)          That uses of earmarked reserves (within s3.23 savings) be approved.

(4)          That the Capital carry forwards described in the Annex to the Minutes (as set out in the Minute Book) be approved.

(5)          That Council be recommended to approve increases in the capital programme for the following two capital grants: Public Sector Decarbonisation Scheme (Commercial Development, Assets and Investment Directorate) and Garden Town (Growth and Economy Directorate).

(6)          That Council be recommended to approve a transfer of £75k capital budget from the Finance Replacement System to the HR/Payroll System.

(7)          That the revised schedule of fees and charges for Environmental Health and Licensing (Annex to the Minutes as set out in the Minute Book) which are to be applied for the 2021/22 financial year be approved.

(8)          That the carry forward of funding into reserves and agree to the allocations being released for use in 2021/22 as described in the Annex to the Minutes (as set out in the Minute Book) be approved.

Reasons

This report provides an update on progress made during April and May 2021, 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 2021-22 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.