Finance and Performance Outturn 2017/18 (formerly 'Q4 Finance and Performance Monitor')
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose of Report: To
provide overview of the Council's overall finance and performance
position at the end of Q4.
Members are asked to note and approve the report.
Resolved: (i) That the year end underspend of £620k and the unused contingency of £761k be noted.
(ii) That the underspend of £620k and £511k of the unused contingency be allocated to the schemes outline in paragraphs 8 to 21 of the report.
(iii) That the remaining contingency of £250k be transferred to the 2018/19 contingency.
(iv) That approval be given to fund the employment issue outlined in paragraph 63 of the report from the reserve relating to costs for ongoing and future pay and employment claims, and that authority be delegated to the Director of Customer & Corporate Services to make the final payment due.
(v) That the financial risks outlined in the report, and the need to continue to maintain a prudent contingency and reserves that are reflective of the risks set out in the report, be noted.
(vi) That the continued effective financial management across the council, and the ongoing delivery of savings, be noted.
(vii) That the performance information set out in paragraph 68 onwards be noted.
Reason: To ensure that significant financial issues can be appropriately dealt with.
Report author: Ian Cunningham
Publication date: 22/06/2018
Date of decision: 21/06/2018
Decided at meeting: 21/06/2018 - Executive
Effective from: 26/06/2018