Agenda item

Report of the Managing Director.

The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director (previously circulated)providing an up?to?date forecast of the 2019/20 revenue budget outturn as part of the Council’s continuous financial management process.

The submitted report stated that the latest projection showed an overall decline against the Medium Term Financial Plan (MTFP) of £0.125m which was a decrease of £0.804m from the position reported at Quarter 1 (Minute C29/Jul/19 refers); the decline was primarily due to a significant decline in Children’s Services position of £1.822m caused by an increase in the number of children requiring support from the Local Authority; and that this decline had been offset in part by improvements in Adults of £0.309m, Resources of £0.168m, Council wide saving of £0.258m and the release of £0.188m from the demand and complexity risk contingency.

RESOLVED - (a)  That the forecast revenue outturn for 2019/20, as detailed in the submitted report, be noted.

(b)  That further regular reports be made to monitor progress and take prompt action if necessary.

REASONS - (a)  To continue effective management of resources.

(b)  To continue to deliver services to agreed levels.