Decision details

The Committee gave consideration to a report providing a summary of the financial monitoring reports as at the end of June 2018.  Reports attached to the summary were the Revenue Budget Monitoring Report; Monitoring of Service Package Policy Options; Monitoring of Financial Risks; Capital Plan Monitoring Report; Treasury Monitoring Report and Reserves and Balances all dated as at 30 June 2018. 

Decision

The Policy and Resources Committee –

1.    Noted the Revenue Budget Monitoring Report as at 30 June 2018.

2.    Noted the changed accounting treatment in respect of the Health and Social Care Partnership and the adverse impact it has on the Council’s 2018/19 forecast overspend with £2.4M of the £2.8M total relating to the Health and Social Care Partnership.

3.    Requested that the Section 95 Officer liaise with the Health and Social Care Partnership Chief Financial Officer in respect of plans to reduce the overspend and provide an update to the Committee in the October report.

4.    Noted the progress of the Service Package Policy Saving Options as at 30 June 2018.

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

6.    Noted the Capital Plan Monitoring Report as at 30 June 2018.

7.    Noted the Treasury Monitoring Report as at 30 June 2018.

8.    Noted the Reserves and Balances Report as at 30 June 2018.

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