Decision details

A report providing a summary of the financial monitoring reports as at the end of December 2017 was given consideration.  There were six detailed reports summarised including the Revenue Budget Monitoring Report as at 31 December 2017, Monitoring of Service Choices Savings as at 31 December 2017, Monitoring of Financial Risks as at 31 December 2017, Capital Plan Monitoring Report as at 31 December 2017, Treasury Monitoring Report as at 31 December 2017 and Reserves and Balances as at 31 December 2017.

Decision

The Policy and Resources Committee –

1.    Noted the Revenue Budget Monitoring Report as at 31 December 2017.

2.    Agreed to recommend to the Council that the 2017-18 Live Argyll management fee is increased from £1.728m to £1.776m  in line with the analysis carried out by Strategic Finance.

3.    Agreed to recommend to Council, providing that there is no impact on the Council’s bottom line position, delegation is given to the Head of Strategic Finance to vary the management fee to reflect any accounting adjustments required at year end.

4.    Agreed to recommend to Council that the payment to the Health and Social Care Partnership in 2017-18 is increased by £0.044m to transfer over the budget required for auto enrolment.

5.    Noted the progress of the Service Choices Policy Saving Options as at 31 December 2017.

6.    Noted the current assessment of the Council’s financial risks.

7.    Noted the Capital Plan Monitoring Report as at 31 December 2017 and approved the over project cost changes, the project slippages and accelerations noted within Appendix 7 of the Capital Plan Monitoring Report.

8.    Noted the Treasury Monitoring Report as at 31 December 2017.

9.    Noted the Reserves and Balances Report as at 31 December 2017.

(Reference:  Report by Head of Strategic Finance dated 16 February 2018, submitted)