Issue - meetings
Revenue budget monitoring 2019/20 (Interim)
Meeting: 16/07/2019 - Cabinet (Item 42)
As detailed in the recommendations.
The Corporate Finance Manager introduced the Revenue Budget Monitoring 2019/20 (Interim) report which was the first monitoring report of 2019/20. The report detailed, by exception, on significant variances which could impact on the financial position in 2019/20 and the progress of achieving planned efficiencies against the targets set for the year.
The initial net impact of the emerging risks and variances, as detailed in the report, was projected to be £3.101m over the planned budget. The figure was based on known significant variances of over £0.100m and would be subject to change over the course of the year.
Month 4 would be reported in September and would provide further details.
Councillor Thomas said the report had been discussed at Corporate Resources Overview and Scrutiny Committee where they requested reports on the overspends in Streetscene and Transportation and Out of County Placements in Social Services. Members responded to the comments made at Corporate Resources Overview and Scrutiny Committee on Out of County Placements and said the cost and volatility of the service needed to be recognised by Welsh Government (WG). The Chief Officer (Social Services) explained that the authority was looking at initiatives to make the Out of County Placement provision as sustainable as possible and details would be provided in the report to Corporate Resources Overview and Scrutiny Committee.
(a) That the report be noted and feedback from Corporate Resources Overview and Scrutiny Committee be received; and
(b) That a budget virement of £0.471m within Social Services be approved to support the new extra care facilities.