To consider a report on how the Council managed its resources to achieve positive outcomes and value for money in the delivery of services during the 2017/18 Financial Year.
Cabinet considered a report on the 2017/18 Financial Outturn and Review of Performance.
The Portfolio Holder for Finance and Communication reported the comments of the Corporate Overview and Scrutiny Committee on behalf of the Committee’s Chairman who had been unable to attend the Cabinet meeting. The Committee had acknowledged that General Reserves remained unchanged at £10.3m despite the challenges that Directorates faced. The Committee had recognised that unprecedented levels of support had been needed in both Children’s and Adult services and that mitigating actions taken across Directorates to ensure a balanced budget were to be commended. The Committee had noted the many good news stories and the areas for improvement that had been identified for the future. The Committee congratulated the staff and everyone who had been involved in the continuous monitoring of the Council’s financial situation.
The Portfolio Holder for Adult Social Care and Integration took the opportunity to announce that the Council’s Trading Standards Team had been highly commended in the national ACG Awards for Excellence in Anti-Counterfeiting 2018. She congratulated the Team.
1. notes the contents of the report and appendices;
(a) fully funded supplementary capital estimates above £500,000 in accordance with Financial Procedure Rules as detailed in (Appendix 4, Table 7 of the report); and
(b) fully funded supplementary capital virements above £1,000,000 in accordance with Financial Procedure Rules as detailed in (Appendix 4, Table 7);
3. recommends that Council approve:
(a) fully funded supplementary capital estimates above £1,000,000 in accordance with Financial Procedure Rules as detailed in (Appendix 4, Table 8); and
4. acknowledges the work of the officers in addressing financial pressures in order to achieve a balanced financial outturn for 2017/18.