Agenda item
Strategic Performance and Corporate Revenue and Capital Budget Monitoring Q1 2011/12
To consider the first quarter performance and budget monitoring report.
Minutes:
Co-opted Member, Mr Mushufique Uddin joined the meeting at 7:55 p.m., during the presentation of this item.
Councillor Choudhury, Cabinet Member for Resources, Chris Naylor, Corporate Director for Resources and Kevin Kewin, Strategy and Performance Manager presented the report circulated at item 6.1.
The Committee was invited to comment on the style of presentation of the performance data which had been adapted in order to give year-on-year comparison for the same time at each reporting period (current performance could be compared to that in the same period in the previous year). No comments were made.
In response to Members’ questions on the performance monitor, the Committee received the following information:
- Due the economic downturn, presentation of the Enterprise Strategy to Cabinet had been delayed in order to allow more time for the paper to be prepared.
- Performance data against aspirational targets had been added with the aim of comparative of reporting year-on-year performance.
- The monitor also reported on residents’ perceptions. This data was gathered from residents’ surveys but results would not be available until the next quarter.
- Concerning the “red” RAG rating for target J 18 (Olympics), the Committee was informed that this data was reported less frequently. Activity had been measured against the strategic plan and the RAG rating enabled the Committee to see whether the target was on schedule or if there had been slippage.
The Cabinet Member for Resources informed the Committee that the Council presently was on track to achieve savings targets but the economic prospects were unfavourable. The Council had vired some funds from its growth provision to some other budgets. The Corporate Director, Resources informed the Committee that Section 3 of the report gave data on the expected General Fund outturn position in the first quarter and Directorates’ forecasts this year incorporating a higher level of budget scrutiny. The Council was reviewing its spending profiles and looking at what plans were in place to ensure that savings were delivered against these. This year, budgets had been scrutinised before allocating them in order to test that specified funds were needed. There was also a higher level of scrutiny of employment costs. Monitoring of the forthcoming quarter would give an indication of how performance was progressing.
In response to Members’ questions on financial performance for the quarter, the Committee received the following information:
- No slippage had been reported in the Adults Health and Wellbeing Community Strategy.
- The Children Schools and Families Directorate had projected nil variance in its budgets. This would be monitored by the Corporate Director, Resources.
- Third Sector budgets were now incorporated into Development and Renewal Directorate. The risk of overspend had been identified and was reported but was not considered a risk at this time in the budgetary year.
- Budgets for East End Life publication and home to school travel were being monitored and no specific areas of concern presently existed.
- Adults Health and Wellbeing Directorate forecast that measurements against equality impact assessments were at breakeven. The Corporate Equality Steering Group was monitoring performance and, as part of the Council's monitor, was looking at variation in quality of savings and the means through which savings were being made.
- The Corporate Director confirmed that the costs experienced in Adults Health and Wellbeing were £100,000 higher than budgeted presently.
RESOLVED
1. That the Council's financial position as outlined in Paragraphs 3 and 4 and at Appendices 1-4 of the report be noted.
2. That the budget virements detailed in Appendix 3, (to be tabled at Cabinet for approval) be noted.
Supporting documents:
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6.1 OS Report - Strategic Performance and Corporate Monitoring - Q1 2011-12 (v4) final, item 6.1
PDF 130 KB
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6.1 Appendix 1 - 03 GF CMBM, item 6.1
PDF 250 KB
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6.1 Appendix 1a - Subjective analysis of forecast variance, item 6.1
PDF 16 KB
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6.1 Appendix 2 - 03 HRA CMBM, item 6.1
PDF 29 KB
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6.1 Appendix 3 - Virements v3, item 6.1
PDF 84 KB
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6.1 Appendix 4 - Capital, item 6.1
PDF 31 KB
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6.1 Appendix 5 - Strategic Indicators - Q1 - for CAB - V2, item 6.1
PDF 62 KB