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 Head of Financial Services and Business Improvement submitted a report which updated Members on Council’s finances, risk and performance as at 31 December 2016.

Councillor Turner, Board member for Finance, Asset Management and Public Health presented the report. He thanked Oxford City Council staff for their hard work in continuing to provide high quality services to the citizens of Oxford despite the current uncertainty over the structure of local government in Oxfordshire.

The City Executive Board resolved to:

1.            Note the projected financial outturn and current position on risk and performance as at the 31 December 2016

2.            Note the transfer to HRA reserves of £0.700 million as at the 31 December 2016