Quarterly Integrated Performance 2016/17 - Q2
Decision Maker: City Executive Board (became Cabinet on 13 May 2019), Council
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Quarterly reports detail the Council’s finances, risk and performance as at the end of each financial quarter for 2016/17 and may include recommendations on consequential changes to the budget.
The Heads of Financial Services and Business Improvement submitted a report which outlined the Council financial risk and performance as at 30 September 2016.
Cllr Turner, Board member for Finance, Asset Management and Public Health presented the report. He said that the financial performance was pleasing across the Council. He was very grateful to all officers. No services had been cut, expenditure keeps being reduced and Direct services continues to find new revenue streams.
He congratulated Direct Services for over-achieving their income generation targets and spending less than expected. This has meant more money is available to finance the capital programme.
The City Executive Board resolved to:
1. Note the projected financial outturn and current position on risk and performance as at the 30 September 2016;
2. Agree the transfer of the projected underspend on Corporate Contingencies of £1.5 million to the Capital Financing Reserve as set out in paragraph 12.
Report author: Anna Winship
Publication date: 19/12/2016
Date of decision: 15/12/2016
Decided at meeting: 15/12/2016 - City Executive Board (became Cabinet on 13 May 2019)
Effective from: 22/12/2016