23 Finance Report Quarter 1 2019/20 PDF 87 KB
To consider the Finance
Report Quarter 1 2019/20 as presented to Cabinet on 30 July 2019.
Additional documents:
Minutes:
The
committee reviewed the Quarter 1 Finance Report, which had been presented to
Cabinet on 30 July 2019. In presenting
the report, the Executive Director of Corporate Development welcomed any
feedback on the content and format of the report.
·
A request was made for detail of the level of reserves from each of the
predecessor councils to be included in the report
·
The report was influenced by overspends in the areas of Adults and
Children’s Services. It was noted that
the committee would be receiving presentations on these two areas at their
meeting on 14 October 2019
·
In respect of the above point, information on user numbers was available
and could be included in the quarterly finance monitoring reports to Cabinet
·
A point was raised with regard to the table at paragraph 6.7 of the
report and the reference to ‘Director’s Services’. In response, the Corporate Director,
Financial and Commercial confirmed that some stranded costs could not be saved
into directorates and had therefore been consolidated into ‘Director’s
Services’
·
The Capital Assets and Strategy Group was meeting this week to look at
assets and investment required
·
A date for the fair funding review was not currently known
·
In response to a point raised, it was noted that the forecasting method
made assumptions but could not prevent all factors causing overspending
·
In response to a comment about the level of overspend, the Deputy Leader
noted that the Council had reserves and also a transformation programme with a
savings goal
·
A point was raised as to back up plans in the case of the main council
buildings being unavailable.
The
report was noted.