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Issue - meetings

Finance and Performance Outturn

Meeting: 29/06/2017 - Executive (Item 11)

11 Finance and Performance Outturn 2016/17 pdf icon PDF 667 KB

The Deputy Chief Executive & Director of Customer & Corporate Services to present a report providing a year end analysis of the overall finance and performance position.

 

Decision:

Resolved: That the Executive;

 

1)    Note the year end underspend of £542k (excluding contingency) and approve that this is transferred to reserves.

 

2)   Note the further unallocated amount of £549k from the 2016/17 contingency and that this balance be carried forward into 2017/18 and added to the existing contingency for 2017/18.

 

3)   Note the financial risks outlined in the report and the need to continue to maintain a prudent contingency and reserves that is reflective of the risks set out in the report.

 

4)   Note the continued effective financial management across the Council and the continued delivery of savings.

 

5)   Note the performance information set out in paragraph 53 onward.

 

Reason:     To ensure significant financial issues can be appropriately dealt with.

Minutes:

Members considered a report which provided a year end analysis of the overall finance and performance position. The Director of Customer and Corporate Services presented the report and answered Member questions.

 

In response to Member questions he stated:

 

·        The report showed a positive picture overall, in particular in children’s and adult services where there was a very small overspend.

·        There were significant pressures on the budget in Economy & Place such as waste services and planning applications however budgets were always prudent. Investment had been made in this area and further savings would be made with the changes to waste collection that were now in place.

 

During discussion the Executive Member for Housing & Safer Neighbourhoods stated on record the absolute commitment of CYC to updating fire risk assessments and his personal ambition to install smoke detectors in all council properties. The Executive Member for Education, Children & Young People followed this by stating that all schools in the city had been inspected, particularly in respect of cladding.

 

Resolved: That the Executive;

 

1)    Note the year end underspend of £542k (excluding contingency) and approve that this is transferred to reserves.

 

2)   Note the further unallocated amount of £549k from the 2016/17 contingency and that this balance be carried forward into 2017/18 and added to the existing contingency for 2017/18.

 

3)   Note the financial risks outlined in the report and the need to continue to maintain a prudent contingency and reserves that is reflective of the risks set out in the report.

 

4)   Note the continued effective financial management across the Council and the continued delivery of savings.

 

5)   Note the performance information set out in paragraph 53 onward.

 

Reason:     To ensure significant financial issues can be appropriately dealt with.


 

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