This report sets out the projected revenue and capital outturn positions for 2019/20 for both the General Fund and the Housing Revenue Accounts as at the end of December 2019 (Quarter 3), as well as performance for the third quarter against the measures of success published in the Council’s Corporate Plan.

The Director of Resources submitted a report setting out the projected revenue and capital outturn positions for 2019/20 for both the General Fund and the Housing Revenue Account (HRA) as at the end of December 2019 (Quarter 3), and performance for the third quarter against the measures of success published in the Council’s Corporate Plan.  The following documents were attached to the report:

·         Appendix 1 – Financial Monitoring for Quarter 3

·         Appendix 2 – Performance Monitoring for Quarter 3

The report noted that the forecast outturn as at the end of Period 9 for operational service budgets (excluding the services delivered by Brighter Futures for Children) was an overspend of £0.507m.  The forecast outturn for Children’s Services delivered by Brighter Futures for Children was a projected overspend of £1.608m, which related predominantly to the continued increase in the number of children in care and the cost of agency workers covering vacant posts.  Corporate Budgets were forecast to underspend by £5.230m and incorporating this forecast with that of the service areas resulted in a net projected underspend of £3.115m.  The forecast revenue outturn position on the HRA was an underspend of £8.614m, as a result of slippage on Major Works due to two work programmes that had to be retendered, increased projected rental income, and a change in the Council’s  minimum revenue provision policy.

The report set out the thirty-nine measures of success in the Council’s Corporate Plan, and summarised progress against targets as at the end of December 2019.  Overall 23 measures were currently rated Green, six measures were Amber, and eight measures were Red.

Resolved –

That Policy Committee note:

a)       That the forecast General Fund revenue outturn position as at the end of December 2019 was a net underspend of £3.115m with weighted opportunities of £0.075m;

b)       That the forecast outturn position on the Housing Revenue Account as at the end of December 2019 was a projected underspend of £8.614m against budget;

c)       That the forecast outturn on the Capital Programme as at the 31^st December 2019 was a projected underspend of £133.9m on the General Fund and a projected underspend of £4.9m on the Housing Revenue Account;

d)       The performance achieved against the Corporate Plan success measures as set out the report and Appendix 2 attached to the report.