Decision details

The Committee gave consideration to a report providing a summary of the financial monitoring reports as at the end of December 2019.  There were six detailed reports summarised within the executive summary including the Revenue Budget Monitoring Report as at 31 December 2019, monitoring of Policy Savings Options as at 31 December 2019, Monitoring of Financial Risks as at 31 December 2019, Capital Plan Monitoring Report as at 31 December 2019, Treasury Monitoring Report as at 31 December 2019 and Reserves and Balances as at 31 December 2019.

Decision

The Policy and Resources Committee –

1.    Noted the revenue budget monitoring report as at 31 December 2019 and note the comments in respect of the Health and Social Care Partnership.

2.    Noted the progress with the policy savings options as at 31 December 2019.

3.    Noted the financial risks for 2019-20.

4.    Noted the current financial position with the employability team and note that a report will be brought to the Policy and Resources Committee in May 2020.

5.    Noted the capital plan monitoring report as at 31 December 2019 and approved the proposed changes to the capital plan as detailed in Appendix 4 to the report.

6.    Noted the treasury monitoring report as at 31 December 2019.

7.    Noted the reserves and balances report as at 31 December 2019.

8.    Agreed to recommend to Council that the revenue virements over £0.200m during November and December are approved.

(Reference:  Report by Interim Head of Financial Services dated 13 February 2020, submitted)