Report of the Head of Finance and the Head of Business Improvement and Technology (attached).

The report provides an update on Finance, Risk and Performance at the end of Quarter 2 – 1^st July - 30^th September 2012.

Recommendation

The Board is asked to note the contents of the report.

The Head of Finance and the Head of Business Improvement and Technology submitted a report (previously circulated, now appended) which updated the Board on Finance, Risk and Performance statistics at the end of Quarter 2 (30^th September 2012). This was the first integrated report and intended to give a more holistic picture.

Nigel Kennedy, Head of Finance, presented the report to the Board and explained its aims and intention.

The Finance and Performance Panel presented its comments on the report which were noted by the City Executive Board. The Board Member and Director comments in response are attached as an appendix to this agenda.

Resolved to:-

(1)   Note the report;

(2)   Inform the Finance and Performance Panel that, should it wish to make further comments about pressures form this year as part of its scrutiny of the budget process, that would be appreciated.