Issue - meetings
Financial Management, Performance and Risk Monthly Report
Meeting: 04/12/2023 - Executive (Item 71)
71 Performance, Risk and Finance Monitoring Report October 2023 
PDF 722 KB
Report of Assistant Director of Finance and Assistant Director – Customer Focus
Purpose of report
To update Executive on how well the council is performing in delivering its priorities, managing potential risks, and balancing its finances during October 2023.
Recommendations
The meeting is recommended:
1.1 To consider and note the contents of the Council’s Performance, Risk and Financial report for the month of October 2023.
1.2 To approve the use of reserves in Appendix 5.
1.3 To approve the use of £0.351m Commercial Risk within Policy Contingency to mitigate the increased recycling processing costs.
Additional documents:
- Appendix 1 - Finance Capital October 2023, item 71
PDF 281 KB
- Appendix 2 - Detailed Revenue Narrative on Forecast October 2023, item 71
PDF 351 KB
- Appendix 3 - Virements October 2023, item 71
PDF 331 KB
- Appendix 4 - Funding October 2023, item 71
PDF 335 KB
- Appendix 5 - Use of Reserves and Grant funding October 2023, item 71
PDF 428 KB
- Appendix 6 - Business Plan Performance October 2023, item 71
PDF 1 MB
- Appendix 7 - Leadership Risk Register October 2023, item 71
PDF 535 KB
- Appendix 8 Customer Service Promise and Standards, item 71
PDF 69 KB
- Webcast for Performance, Risk and Finance Monitoring Report October 2023
Decision:
Resolved
(1) That, having given due consideration, the Council’s Performance, Risk and Financial report for the month of October 2023 be noted.
(2) That the following use of reserves (app 5) be approved:
Directorate: Communities
Type: Earmarked
Description: Appeals & Legal Reserve
Reason: To mitigate forecast overspend with appeals and legal challenges
Amount £m: 0.209
Total Earmarked reserves £m: 0.209
(3) That the use of £0.351m Commercial Risk within Policy Contingency to mitigate the increased recycling processing costs be approved.
Minutes:
The Assistant Director of Finance and Assistant Director – Customer Focus submitted a report to update Executive on how well the council was performing in delivering its priorities, managing potential risks, and balancing its finances during October 2023.
Resolved
(1) That, having given due consideration, the Council’s Performance, Risk and Financial report for the month of October 2023 be noted.
(2) That the following use of reserves (app 5) be approved:
Directorate: Communities
Type: Earmarked
Description: Appeals & Legal Reserve
Reason: To mitigate forecast overspend with appeals and legal challenges
Amount £m: 0.209
Total Earmarked reserves £m: 0.209
(3) That the use of £0.351m Commercial Risk within Policy Contingency to mitigate the increased recycling processing costs be approved.
Reasons
This report provides an update on progress made during October, to deliver the council’s priorities, manage potential risks and remain within the agreed budget.
Alternative options
This report summarises the council’s performance, risk, and financial positions for October, therefore there are no alternative options to consider. However, members may wish to request further information from officers for inclusion.