Agenda item

To receive the financial performance monitoring for the period ending 31 July 2019.

The Executive agreed the recommendations as outlined above namely:

1. To note the report.  

2. To continue to lobby Government (HM Treasury, Ministry of Housing, Communities and Local Government and the Department for Education in particular) along with local authority peers, the Local Government Association and the Association of Directors of Children’s Services for significantly more funding to cope with the soaring demand and new burdens presenting in Children’s Services.

3. To require the respective directors and Director of Resources to continue to closely monitor and manage service financial and operational performances, specifically Children’s Services but also Strategic Leisure Assets, Parking Services and Concessionary Fares, and to ensure the release of at least £1m of budgets across all directorates as a consequence of a 1-year freeze on non-essential spend.

4. To release £1m of Earmarked Revenue Reserves to compensate for the deficit on Working Balances of £971,000.