Agenda item

Integrated Performance Report Q3 2015/16

The Head of Financial Services and Head of Business Improvement have submitted a report which updates Members on Finance, Risk and Performance as at the end of Quarter 3, 31 December 2015 and seeks approval for an additional capital budget of £0.150 million for electrical works at Cowley Marsh Depot.

 

Recommendations: That the City Executive Board resolves to:

1.    Note the projected outturn position and the performance and associated risk information contained in the report; and

2.    Recommend Council to approve an additional capital budget of £0.150 million for electrical works at Cowley Marsh Depot to be funded from the service’s projected underspend.

Minutes:

The Head of Financial Services and Head of Business Improvement submitted a report on the status of Finance, Risk and Performance as at the end of Quarter 3, 31 December 2015 and which sought approval for an additional capital budget of £0.150 million for electrical works at Cowley Marsh Depot.

 

The Executive Board Member, Finance, Corporate Asset Management and Public Health presented the report. He highlighted the favourable variance on car park income and commented on two main areas of concern: the continuing pressures of providing support to the homeless and the shortfall on the number of apprenticeships.

 

The Board acknowledged that the of the government changes to benefits had significant implications for the General Fund and HRA and that it should be recorded as such in the risk register.  The Board also noted with concern the forecast underspend on the Educational Attainment budget, which was exacerbated by the lack of staff resources available at the County Council to work with the City Council to develop expenditure plans.

 

The City Executive Board resolved to:

 

1.       Note the projected outturn position and the performance and associated risk information contained in the report; and

 

2.       Recommend Council to approve an additional capital budget of £0.150 million for electrical works at Cowley Marsh Depot to be funded from the service’s projected underspend.

 

Cllr Fooks left the meeting at the end of this item.

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