Issue - meetings

The Chief Operating Officer to present a report which presents details of the council’s overall finance and performance position for the period 1 April 2022 to 30 September 2022, together with an overview of any emerging issues.

Resolved:  That the finance and performance information, and the actions needed to manage the financial position, be noted.

Reason:     To ensure expenditure is kept within the approved budget.

The Chief Finance Officer presented a report which provided details of the council’s overall finance and performance position for the period 1 April 2022 to 30 September 2022, together with an overview of any emerging issues.

The gross financial pressures facing the council were projected at £7.7m but after mitigation it was considered this could be brought down to a net position of £3.7m  As previously reported, serious underlying budget pressures remained across both adult and children’s social care.  The main budget variations and proposed mitigating actions were summarised in Annex 1 to the report.  Service delivery performance was summarised in paragraphs 19-23 of the report, and details of performance against the core strategic indicators in the Council Plan were provided in Annex 2.

In commenting on the report, the Executive Member for Finance & Major Projects highlighted the improved financial position on the previous year, despite major challenges, and strong performances in relation to the city centre and affordable homes.

Resolved:  That the finance and performance information, and the actions needed to manage the financial position, be noted.

Reason:     To ensure expenditure is kept within the approved budget.