Issue - meetings

This report presents the financial monitoring information for the Authority as a whole for the financial year 2018/19 to the end of July 2018.

Councillor Dine Romero made an ad-hoc statement where she stated that targets were being missed and that there were unintended consequences of the actions that had been taken to make the savings and a national solution is needed.

Councillor Robin Moss made an ad-hoc statement that staff should be congratulated on the underspend in Adult Social Care.

Councillor Charles Gerrish moved the recommendations. He explained that the report was in a new format which was very clear and open. He explained that the bulk of the overspend would be met from Revenue Budget Contingency. He added that Property Services are considering two potential commercial properties which would be income generating. He further commented that a national solution to Local Government funding is needed and that Cabinet Members will continue to work with officers to find savings.

Councillor Paul May seconded the motion, he stated that this is the most difficult financial criteria for a Council that he had ever had to work with. He thanked the officers for the clear report.

Councillor Tim Warren stated that these are financially tough times but that on the whole the authority is doing well. He thanked the officers for the hard work and clear reporting.

RESOLVED (unanimously) that the Cabinet agreed:

1)  To note the 2018/19 forecast over budget of £2.6m (as at the end of July 2018) and the recovery plan actions outlined in Appendix 1;

2)  To note the mitigations that will be required shown in paragraph 5.6, if the over budget position cannot be reduced by the end of the financial year

3)  To note the capital year end forecast detailed in paragraph 5.16 of this report;

4)  To note the revenue virements listed for information  in Appendix 3(i);

5)  To note the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 4(i)