Issue - meetings

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

Report of Assistant Director of Finance and Interim Assistant Director Customer Focus

Resolved

(1)           That the Annual Report 2021-2022 (annex to the Minutes as set out in the Minute Book) be noted.

(2)           That the Risk and Opportunities Management Strategy 2022/23 (annex to the Minutes as set out in the Minute Book) be noted.

(3)           That the carry forward of funding into reserves as set out in the annex to the Minutes (as set out in the Minute Book) be approved and the allocations being released for use in 2022/23 be agreed

(4)           That Capital carry forwards as set out in the annex to the Minutes (as set out in the Minute Book) be approved:

(5)           That authority be delegated to the Assistant Director of Finance, in consultation with the Leader of the Council, to approve the Community Project, spend to be funded from S106 as set out in the annex to the Minutes (as set out in the Minute Book) once additional information on the Project has been provided. .

(6)           That the Use of / (Contributions to)Reserves be approved.

(7)           That the outturn underspend for2021/2022 be noted.

The Assistant Director of Finance and Interim Assistant Director of Customer Focus submitted a report which summarised the Council’s Performance, Risk and Finance monitoring positions at the end of the Financial Year 2021-2022.

In introducing the report, the Portfolio Holder for Finance commended and congratulated officers on the outturn report.

On behalf of Executive, the Chairman commended officers for the performance over the 2021-2022 financial year. The Annual Report was extremely positive and should be distributed widely as it would be of interest Members, residents and stakeholders

In response to questions regarding the Community Project to be funded from S106 within the capital programme, the Assistant Director of Finance undertook to provide additional information on the Project.  

Resolved

(1)          That the Annual Report 2021-2022 (annex to the Minutes as set out in the Minute Book) be noted.

(2)          That the Risk and Opportunities Management Strategy 2022/23 (annex to the Minutes as set out in the Minute Book) be noted.

(3)          That the carry forward of funding into reserves as set out in the annex to the Minutes (as set out in the Minute Book) be approved and the allocations being released for use in 2022/23 be agreed

(4)          That Capital carry forwards as set out in the annex to the Minutes (as set out in the Minute Book) be approved:

(5)          That authority be delegated to the Assistant Director of Finance, in consultation with the Leader of the Council, to approve the Community Project, spend to be funded from S106 as set out in the annex to the Minutes (as set out in the Minute Book) once additional information on the Project has been provided. .

(6)          That the Use of / (Contributions to)Reserves be approved.

(7)          That the outturn underspend for2021/2022 be noted.

Reasons

This report provides an update on progress made during January 2022, to deliver the Council’s priorities through reporting on Performance, Leadership Risk Register and providing an update on the Financial Position. The Council is committed to performance, risk and budget management and reviews progress against its corporate priorities on a monthly basis. Executive is recommended to agree a change in the use of reserves in accordance with the Council’s Reserves Policy and to agree the revised Con29 Fee for 2022/23 as set by Oxfordshire County Council.

Alternative options

Option 1: This report illustrates the Council’s performance against the 2021-22 Business Plan. Regarding the monitoring aspects of the report, no further options have been considered. However, members may wish to request that officers provide additional information. Regarding the recommendation to approve changes in use of reserves, members could choose not to reject the change of use, however, the request is in accordance with the councils Reserves Policy and within existing budgets. If members chose notto agreeto thechanges intransfers toreserves, thenthis wouldmean resource would need to be found for these projects separately in futureyears.