Agenda item

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.

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.

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.